Nimrod Sea Assets Limited Investment Update (1187W)

TIDMNSA

RNS Number : 1187W

Nimrod Sea Assets Limited

22 April 2016

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION IS UNLAWFUL.

NIMROD SEA ASSETS LIMITED

(the "Company")

Investment Update

22 April 2016

Viking Supply Ships A/S, charterer of the ODIN VIKING, in which the Company has a 43% interest through Norseman Offshore AS ("Norseman"), is now two months overdue with respect to its charterhire payments for the vessel. Norseman has been advised that Viking Supply Ships A/S has appointed Swedbank as its financial adviser and that Swedbank is preparing a restructuring proposal. Initial proposals have not been agreed by all necessary parties and we are unable to say with any certainty when or if a deal will be agreed. The vessel remains in lay-up in Sweden. Further announcements will be made in due course.

For further information please contact:

Nimrod Capital LLP + 44 (0) 20 7382 4565

Richard Bolchover

Marc Gordon

END OF ANNOUNCEMENT

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April 22, 2016 11:00 ET (15:00 GMT)