In 3Q 2015, Deep Sea Supply reports consolidated revenues of MUSD 33.6 and
EBITDA of MUSD 18.7 (56%). Following depreciation of MUSD 11.8, financial
expenses of MUSD 5.2 and negative currency items of MUSD 0.9, the pre-tax profit
was MUSD 0.9.

For the nine months period ended 30 September 2015, the Company reports
consolidated revenues of MUSD 109.5, EBITDA of MUSD 58.4 (53%) and pre-tax
result of MUSD 6.5.

Comparing 3Q 2015 financial figures with 2Q 2015, revenues decreased by MUSD
2.0. Main reasons for the reduced revenue were lower utilization due to vessels
coming off long term charters and lower rates. The vessels' operating expenses
decreased with MUSD 3.0 from 2Q 2015 to 3Q 2015, mainly due to vessels in lay-
up, the weakening of the BRL versus USD and also underlying cost reductions.

During the third quarter of 2015, the company has experienced a further
weakening of the global OSV markets. In Brazil, the situation remains difficult
with reduced activity and foreign flagged vessels being blocked by vessels with
local flag. However, for some vessel categories Petrobras has taken actions to
solve this situation, and DESS expects blockings of 4 vessels to be lifted. The
North Sea spot market is challenging with unsustainable rate levels and low
utilization, and many owners have chosen to lay up vessels instead of trading in
the spot market. No improvement in the market situation for OSVs is expected in
the short to medium term.

The contract coverage for 2016 for the Company is not satisfactory. DESS is
currently pursuing some term opportunities, however the competition is fierce
and rate levels are low. As a consequence of the weak market, Deep Sea Supply
will lay up vessels that do not have any fixed activity the next months, and the
number of vessels laid up is expected to increase from the current 10 vessels.
In addition to laying up vessels to reduce cost, the Company is also working
hard to further reduce operating expenses for the vessels in operation.

The Board is pleased that the Company has been able to further strengthen its
balance sheet and build its cash position through 2015 and also in the third
quarter. With a solid cash position and modern fleet, the Company should be well
positioned to navigate through this tough market and take advantage in the event
of a market recovery.



Limassol, 20 November 2015
Deep Sea Supply Plc

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Financial Report 3Q 2015:

Presentation 3Q 2015:



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