Hamilton, Bermuda, Nov. 14, 2016 (GLOBE NEWSWIRE) -- Hamilton, Bermuda - (November 14, 2016) - Golar LNG Limited
(the "Company") (NASDAQ: GLNG) announced today the commencement of a registered offering of 5,700,000 shares of its common
stock. As part of this offering, the underwriters are selling 215,000 common shares to a member of the Company's board of
directors. The Company expects to grant the underwriters a 30 day option to purchase up to an additional 855,000 common
shares. The proceeds of the offering are expected to be used to partly fund the settlement of the Company's outstanding
convertible bonds and will augment a recently received commitment from Citibank N.A. to finance the remainder of the amounts
outstanding under the Company's convertible bonds through a new term loan credit facility of up to $150 million.
Citigroup is acting as sole book-running manager. Clarksons Platou Securities, Danske Markets and Evercore
ISI are acting as joint lead managers in the offering.
The Company has filed an effective shelf registration statement (including a base prospectus) with the
Securities and Exchange Commission (the "SEC") related to the offering. Before you invest, you should read the base prospectus in
that registration statement, the prospectus supplement related to the offering and the other documents incorporated by reference
therein, which the Company has filed with the SEC, for more complete information about the Company and the offering. You may obtain
these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies may be obtained from Citigroup,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling (800) 831-9146.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities and
shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is
unlawful. This offering may only be made by means of a prospectus supplement and related base prospectus.
Forward-Looking Statements
This press release contains certain forward-looking statements. Forward-looking statements include any statement
that may predict, forecast, indicate or imply future results, performance or achievements. The words "believe," "anticipate,"
"intend," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "pending" and similar expressions
identify forward-looking statements. These statements involve known and unknown factors and are based upon a number of
assumptions and estimates that are inherently subject to significant risks and uncertainties, many of which are beyond the
Company's control. Actual results may differ materially from those expressed or implied by such forward-looking statements.
Important factors that could cause actual results to differ materially include, but are not limited to, those risks and
uncertainties described in the prospectus supplement relating to the offering and from time to time in the reports and other
documents the Company files with the United States Securities and Exchange Commission, including the Company's most recent Annual
Report on Form 20-F. New factors emerge from time to time, and it is not possible for the Company to predict all of these
factors. As a result, you are cautioned not to rely on any forward-looking statements. The Company undertakes no obligation
to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise
unless required by law.
Hamilton, Bermuda
November 14, 2016
Enquiries:
Golar Management Limited: + 44 207 063 7900
Brian Tienzo
Stuart Buchanan
