Sale of Shareholding in Avenir LNG Limited

Transaction Details - Golar LNG Limited has entered into a share purchase agreement to sell all its shares in Avenir LNG Limited to Stolt-Nielsen Gas Ltd for approximately USD 40 million [1] - The transaction is expected to be completed during the first quarter of 2025, subject to the fulfilment of conditions under the share purchase agreement [1] Golar's Remaining Stake in HIGAS - Golar will retain a 25% shareholder position and continue as a debt provider to Higas Srl, the HIGAS LNG storage terminal in Sardinia [2] - As of the end of October 2024, the book value of HIGAS was USD 40.5 million (on a 100% basis), comprising USD 24.7 million in shareholder loans and USD 15.8 million in shareholders' equity [2] Strategic Rationale - The sale aligns with Golar's strategy to focus on expanding its market-leading FLNG (Floating Liquefied Natural Gas) position [3] - Golar's investment in Avenir LNG was no longer considered a core asset following the sale of Hygo Energy Transition Ltd in 2021 [3] - Golar played a key role in founding Avenir LNG, which has grown into one of the largest small-scale LNG shipping companies globally [3]