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KNOT Offshore Partners LP’s Second Quarter 2013 Cash Distribution

July 23, 2013

ABERDEEN, Scotland--(BUSINESS WIRE)-- KNOT Offshore Partners LP (NYSE: KNOP) announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended June 30, 2012, of US$0.3173 per unit. The distribution was prorated for the period beginning on April 15, 2013, which was the closing date of KNOT Offshore Partners LP's initial public offering, and ending on June 30, 2013, and corresponds to a quarterly distribution of US$0.3750 per outstanding unit, or US$1.50 per outstanding unit on an annualized basis.

This cash distribution will be paid on August 14, 2013 to all unitholders of record as of the close of business on August 5, 2013.

About KNOT Offshore Partners LP

KNOT Offshore Partners LP owns, operates and acquires shuttle tankers under long-term charters in the deepwater offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly-traded master limited partnership. KNOT Offshore Partners LP’s common units trade on the New York Stock Exchange under the symbol “KNOP.”

Forward Looking Statements

This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. Factors that can affect future results are discussed in the registration statement filed by KNOT Offshore Partners LP with the U.S. Securities and Exchange Commission (SEC), which is available via the SEC's web site at KNOT Offshore Partners LP undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

Source: KNOT Offshore Partners LP


KNOT Offshore Partners LP

Arild Vik, 44 7581 899777

Chief Executive Officer and Chief Financial Officer

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