Edda Wind ASA and Colombo Dockyard PLC, Sri Lanka, have entered into an agreement whereby the contracts for the construction and delivery of two Commissioning Support Operation Vessels are cancelled. Edda Wind has not paid any pre-delivery instalments to Colombo Dockyard PLC, and only incurred minor cost in relation to the project. Under the agreement Edda Wind will receive a compensation which will give a modest positive P&L effect.

The terms and conditions of the cancellation agreements are to be kept confidential between the parties.