Financial press releases

Trieste, 24 August 2018 – FINCANTIERI S.p.A. announces that, in relation to the exit offer ("Offer") by its subsidiary Fincantieri Oil & Gas S.p.A. ("Fincantieri O&G") for all the issued ordinary shares in the capital of Vard Holdings Limited ("Vard") other than those already owned, controlled or agreed to be acquired by Fincantieri O&G, its related corporations and their respective nominees, the closing date for the Offer is extended from 5.30 p.m. (Singapore time) on 24 August 2018 to 5.30 p.m. (Singapore time) on 5 September 2018, or such later date(s) as may be announced from time to time by or on behalf of Fincantieri O&G.

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The directors of Fincantieri O&G (including any who may have delegated detailed supervision of the preparation of this press release) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this press release are fair and accurate and that, where appropriate, no material facts in relation thereto have been omitted from this press release, and the directors of Fincantieri O&G jointly and severally accept responsibility accordingly.

Where any information which has been extracted or reproduced from published or otherwise publicly available sources (including, without limitation, in relation to Vard), the sole responsibility of the directors of Fincantieri O&G has been to ensure through reasonable enquiries that such information is accurately and correctly extracted from such sources or, as the case may be, reflected or reproduced in this press release.