Golar LNG Raises $51M

Golar LNG has completed a directed equity offering of 4,000,000 shares mainly towards international institutional investors. The equity offering was significantly oversubscribed. The subscription price is NOK 88 per share, and the issue will give net proceeds of approximately USD 51 million. The company's share capital will after the registration of the share issue consist of 65,612,000 shares, each at a par value of USD 1.00. The managers of the directed issue were Enskilda Securities and Fearnley Fonds. The capital that has been raised will be dedicated to future growth of the business. Golar LNG maintains its expectations for the 2003 results, in line with what has previously been communicated to the market.