Welltec announces payment of interest

31 July 2016
Company announcement no. 7/2016

Welltec announces payment of interest

CONTACT

Michael Krabbe, CFO
+(45)-3034-3000

Pursuant to the Rules and Regulations of the Luxembourg Stock Exchange (edition 2012/07), section 903 and section 904(vi) it is noted that Welltec A/S has paid interest on the bonds per 31 July 2016.

For further information, please contact:
Michael Krabbe, CFO

About Welltec®
Welltec® is a leading provider of well intervention services to the oil and gas industry using robotic technology. We are also expanding into well completion products and solutions. Our services and solutions enhance well production performance and increase the amount of recoverable oil and gas reserves in reservoirs. We provide our services and solutions for onshore and offshore oil and gas wells and operate in deepwater, subsea, Arctic, high-yield, heavy oil, geothermal and unconventional environments as well as conventional environments. We operate in all hydrocarbon producing areas and had in 2015 and average of 894 dedicated employees across 29 countries. For the twelve months ended December 31, 2015, we had revenues and EBITDA of approximately USD 246 million and USD 96 million, respectively.