Weifa ASA: Notice from Bondholders Meeting and buy-back of Bonds

The proposed resolution obtained 87.03% of the votes and was adapted according to the voting requirements of the bond agreement. As a consequence, the bonds will mature no later than 28 April 2016 and will be repaid at 102.5% of par value plus any accrued interest.

The Company has agreed with certain investors that repayment of their Bonds on maturity may occur at 101.5% of par value regardless of a repayment price of 102.5% pursuant to the Bond Agreement. For technical reasons this will be settled through a buy-back of such bonds at 101.5%. The buy-back reduces the average repayment price to approx. 102% of par value.

The bond repayment and the new financing agreement entered into with DNB (communicated through a separate notice on 21 March 2016), generates significant cost savings, extends the debt maturity profile and improves the Company's financial and strategic flexibility.

For further information, please contact:

Simen Nyberg-Hansen

CFO

+47 9820 6355

simen.nyberg-hansen@weifa.no