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ISLAND OFFSHORE SHIPHOLDING LP ANNOUNCES PLAN TO ADRESS THE LONG TERM FINANCING STRUCTURE OF THE GROUP


Island Offshore Shipholding LP, acting through its general partner Amnor LLC ("IOSH") together with the entitites where IOSH owns more than 50% of the shares/ownership interests (The "Group") announces its decision to formally address its long term financing structure with the aim of restructuring the groups balance sheet.

To read more, please follow this link:

http://www.newsweb.no/newsweb/search.do?messageId=413660

Investor Relations Contact:

Mr. Henning Sundet, Chief Financial Officer: hsundet@borgstein.no, +47 913 65 735