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GlobeNewswire
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Nasdaq Nordic: Nasdaq Stockholm orders Viking Supply Ships AB to pay a fine corresponding to three annual fees

Stockholm, October 8, 2018 - The Disciplinary Committee of Nasdaq Stockholm has
found that Viking Supply Ships AB ("Viking" or the "Company") has breached
Nasdaq Stockholm's Rule Book for Issuers (the "Rule Book") and therefore
ordered Viking to pay a fine of three annual fees, corresponding to an amount
of SEK 615,000. 

The Disciplinary Committee has concluded that Viking breached item 3.3.3 of the
Rule Book by not publishing its interim report for the third quarter of 2017
(the "Interim Report") within the prescribed two-month time limit, and also
item 3.3.16 of the Rule Book in connection with the postponement of the Interim
Report, by not stating a new date for its publication or an estimate of when it
could be expected to be published. The Disciplinary Committee has also found
that Viking, by not disclosing information about the postponement as soon as
possible, breached item 3.3.16 in conjunction with the methodology requirement
stipulated in items 3.3.1 and 3.1 of the Rule Book. 

The Disciplinary Committee takes a serious view of the breaches given that the
Company as recently as November 2016 was criticized by the Exchange for similar
shortcomings in connection with the Company's publication of its annual report
2015 when the Company inter alia published the annual report one month late.
The Disciplinary Committee has thus decided that the sanction should be a fine
corresponding to three annual fees. 

A detailed description of the matter and the Disciplinary Committee's decision
is available at: 

http://business.nasdaq.com/list/Rules-and-Regulations/european-surveillance/disc
iplinary-processes/decisions-and-sanctions/stockholm-2018.html 

Participating in the Committee's decision were former Supreme Court Justice
Marianne Lundius, Company Director Stefan Erneholm, Authorized Public
Accountant Magnus Svensson Henryson, Lawyer Wilhelm Lüning and Company Director
Anders Oscarsson. Secretary: Bachelor of Legal Science Erik Lidman. 

About the Disciplinary Committee

The role of Nasdaq Stockholm's Disciplinary Committee is to consider suspicions
regarding whether Exchange Members or listed companies have breached the rules
and regulations applying on the Exchange. If the Exchange suspects that a
member or company has acted in breach of the rules, the matter is referred to
the Disciplinary Committee. Nasdaq Stockholm investigates the suspicions and
pursues the matter and the Disciplinary Committee issues a ruling regarding
possible sanctions. The sanctions possible for listed companies are a warning,
a fine or delisting. The fines that may be imposed range from one to 15 annual
fees. The sanctions possible for Exchange Members are a warning, a fine or
debarment. Fines paid are not included in the Exchange's business but are
attributed to a foundation supporting research in the securities market. The
Disciplinary Committee's Chairman and Deputy Chairman must be lawyers with
experience of serving as judges. At least two of the other members of the
Committee must have in-depth insight into the workings of the securities
market. 

Members: Former Supreme Court Justice Marianne Lundius (Chairman), Supreme
Court Justice Ann-Christine Lindeblad (Deputy Chairman), Company Director Erik
Einerth, Company Director Stefan Erneholm, Company Director Anders Oscarsson,
Lawyer Wilhelm Lüning, Company Director Jack Junel, MBA Ragnar Boman, MBA Carl
Johan Högbom, Lawyer Patrik Marcelius, Authorized Public Accountant Magnus
Svensson Henryson and Authorized Public Accountant Svante Forsberg. 

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing,
exchange technology, listing, information and public company services. Through
its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock market, its
technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of
the world's securities transactions. Nasdaq is home to approximately 4,000
total listings with a market value of $14 trillion. To learn more, visit:
http://business.nasdaq.com 

Media Relations Contact  
Erik Granström           
+46 8 405 78 07          
erik.granstrom@nasdaq.com
-------------------------


Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq
Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker
Services are respectively brand names for the regulated markets of Nasdaq
Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS,
Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB
and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq
Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq
Vilnius. 

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
Nasdaq and its products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
Nasdaq's control. These factors include, but are not limited to factors
detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed
with the U.S. Securities and Exchange Commission. We undertake no obligation to
release any revisions to any forward-looking statements.
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© 2018 GlobeNewswire
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