Correction / statement on media coverage in week 26

Flensburg, 27.06.2019; The Flensburger Schiffbau-Gesellschaft mbH & Co. KG hereby comments on the media coverage of the last days :

As both Mr. Lars Windhorst, Shareholder and CEO of Tennor Holding B.V. and Mr. Alex Gregg-Smith, CEO of the shipyard announced at the last works meeting on 20.6.19, FSG is in close contact with the customers of the RoPax ferries to be built in order to discuss the next steps for the construction of these existing orders. These discussions have been very promising so far.

The contracts have not been terminated by neither the customer nor by FSG.

Furthermore, the construction of next RoRo ship, Hull No. 781 has not stopped – on the contrary, the keel laying ceremony took place on 27.5.19 and is progressing to schedule on the slipway with launching scheduled for 29.10.2019.

The RoPax ferry “Honfleur” is currently in the phase of extensive outfitting and commisisioning alongside the commissioning work of the RoRo “Leevsten” and the work on construction number 781 for SIEM has been partially rescheduled which has resulted in temporary undercapacity in part of the production. For this reason, some colleagues are currently temporarily working short-time labour.