SOURCE: Golar LNG

August 17, 2009 05:01 ET

Golar LNG Limited - Completion of Restructuring and Equity Offering

HAMILTON, BERMUDA--(Marketwire - August 17, 2009) - Golar LNG Limited ("Golar") is pleased to announce that the restructuring of its activities by way of the transfer of various assets and liabilities to its subsidiary, Golar LNG Energy Limited ("Energy") has been completed.

Accordingly, a total of 168,500,000 new shares in Energy have been issued to Golar.

The private placement of 60 million new shares in Energy at a subscription price of USD 2.- per share and the issue of 12 million warrants to subscribe for further shares on 15 December 2010 of USD 2.- has furthermore been completed.

Energy's shares have obtained an OTC listing in Oslo and trading has commenced. Energy has established a homepage at www.golarlngenergy.com. The presentation of Energy used in the private placement has been posted thereon.


Golar LNG Limited
August 17, 2009
Hamilton, Bermuda.

Questions should be directed to:

Golar Management Ltd - +44 207 063 7900:
Graham Robjohns: Chief Financial Officer
Brian Tienzo: Group Financial Controller

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