Delivering trust & confidence.

DOF has been awarded two AHTS contracts to support drilling operations in New Zealand.  Skandi Emerald and Skandi Atlantic, built in 2011 and 2012 respectively, have been contracted by OMV NZ for 2 wells firm, plus 2 x 1 well options, to support drilling rig COSL Prospector.  Both vessels are currently supporting the same rig with another Operator in New Zealand, and commencement with OMV will be on completion of this campaign during Q4 2019. Mons S. Aase, CEO DOF ASA comments "I'm very happy with this new award in New Zealand, securing good backlog for these units into 2020". For further information, please contact: CEO Mons S. Aase, +47 91 66 10 12 CFO Hilde Drønen, +47 91 66 10 09 With a multi-national workforce of about 3,500 personnel, DOF ASA is an international group of companies which owns and operates a fleet of modern offshore/subsea vessels, and engineering capacity to service both the offshore and subsea market. With over 35 years in the offshore business, the group has a strong position in terms of experience, innovation, product range, technology and capacity. DOF's core businesses are vessel ownership, vessel management, project management, engineering, vessel operations, survey, remote intervention and diving operations primarily for the oil and gas sector. From PSV charter to Subsea engineering, DOF offers a full spectrum of top quality offshore services to facilitate an ever-growing and demanding industry. The company's main operation centers and business units are located in Norway, the UK, the USA, Singapore, Brazil, Argentina, Egypt, Angola, and Australia. DOF ASA is listed on the Oslo Exchange since 1997.

Financial calendar for DOF ASA FINANCIAL YEAR 2019 28.11.2019 - Quarterly Report - Q3 21.02.2020 - Quarterly Report - Q4 Updated financial calendar for 2019. This information is published pursuant to the requirements set out in the Continuing obligations.

Finansiell kalender for DOF ASA REGNSKAPSÅR 2019 28.11.2019 - Kvartalsrapport - Q3 21.02.2020 - Kvartalsrapport - Q4 Oppdatert finanskalender for 2019. Denne informasjonen offentliggjøres i henhold til kravene i Løpende forpliktelser.

Norskan and Petrobras have signed a 1 year extension until September 2020 for the AHTS Skandi Fluminense. The vessel, built in 2007, is an AHTS 18.000 with 1 WROV operated by DOF Subsea on board. For further information, please contact: CEO Mons S. Aase, +47 91 66 10 12 CFO Hilde Drønen, +47 91 66 10 09 With a multi-national workforce of about 3,500 personnel, DOF ASA is an international group of companies which owns and operates a fleet of modern offshore/subsea vessels, and engineering capacity to service both the offshore and subsea market. With over 35 years in the offshore business, the group has a strong position in terms of experience, innovation, product range, technology and capacity. DOF's core businesses are vessel ownership, vessel management, project management, engineering, vessel operations, survey, remote intervention and diving operations primarily for the oil and gas sector. From PSV charter to Subsea engineering, DOF offers a full spectrum of top quality offshore services to facilitate an ever-growing and demanding industry. The company's main operation centers and business units are located in Norway, the UK, the USA, Singapore, Brazil, Argentina, Egypt, Angola, and Australia. DOF ASA is listed on the Oslo Exchange since 1997.

Frederik Wilhelm Mohn has announced that he by his own initiative has resigned from the Boards of Directors in DOF ASA and DOF Subsea AS with immediate effect. The companies are working on finding replacements. Contact person: Chairman Helge Møgster, tel. +47 91661007 With a multi-national workforce of about 3,500 personnel, DOF ASA is an international group of companies which owns and operates a fleet of modern offshore/subsea vessels, and engineering capacity to service both the offshore and subsea market. With over 35 years in the offshore business, the group has a strong position in terms of experience, innovation, product range, technology and capacity. DOF's core businesses are vessel ownership, vessel management, project management, engineering, vessel operations, survey, remote intervention and diving operations primarily for the oil and gas sector. From PSV charter to Subsea engineering, DOF offers a full spectrum of top quality offshore services to facilitate an ever-growing and demanding industry. The company's main operation centers and business units are located in Norway, the UK, the USA, Singapore, Brazil, Argentina, Egypt, Angola, and Australia. DOF ASA is listed on the Oslo Exchange since 1997.

As previously reported in DOF ASA's ("DOF" or the "Company") financial report for Q2 2019, the group experience that regular refinancing has been challenging. DOF and its 65% subsidiary DOF Subsea AS ("DOF Subsea") are on this basis in the process of finding a long-term refinancing solution, with a structure that is aligned with the current market environment. A long-term solution will involve all stakeholders, including shareholders, banks, and bondholders. The DOF Group has an order backlog of NOK 20 billion per 30.06 2019. DOF Subsea is currently making progress in its discussion with its stakeholders, including a constructive dialogue with key banks to adapt the bank facilities to the current market environment. DOF Subsea has today summoned a bondholder meeting in order to postpone an instalment in DOFSUB07 due 22 October 2019, as further described in the summons. Based on the current dialogue with stakeholders the best estimate is that it will be possible to reach an agreement on the long-term solution during the 4th quarter 2019, but no assurance can be given at this stage. DOF has for the PSV and AHTS business a constructive dialogue with its key banks to adjust the amortization profile and covenant structure of its bank financing to reflect the current market environment. It is likely that a long-term solution will require an equity injection in DOF and that a substantial portion of the new equity will be used to support the refinancing of DOF Subsea. Laco AS, indirectly the largest shareholder in DOF, is in this respect committed to support the group with NOK 200 million in new equity, conditional upon a satisfactory refinancing solution for the Group, including a maturity profile providing satisfactory runway until the expected timing of the market recovery. The Board of Directors of DOF will work towards a solution for the equity injection, which takes the interests of all shareholders into account and which to the extent permitted within applicable statutory limitations treat all shareholders equally. Contact: CEO Mons Aase,    Tel. +47 91 66 10 12 CFO Hilde Drønen, Tel + 47 91 66 10 09 With a multi-national workforce of about 3,500 personnel, DOF ASA is an international group of companies which owns and operates a fleet of modern offshore/subsea vessels, and engineering capacity to service both the offshore and subsea market. With over 35 years in the offshore business, the group has a strong position in terms of experience, innovation, product range, technology and capacity. DOF's core businesses are vessel ownership, vessel management, project management, engineering, vessel operations, survey, remote intervention and diving operations primarily for the oil and gas sector. From PSV charter to Subsea engineering, DOF offers a full spectrum of top quality offshore services to facilitate an ever-growing and demanding industry. The company's main operation centers and business units are located in Norway, the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia. DOF ASA is listed on the Oslo Exchange since 1997. This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Please find attached the Notice of Extraordinary General Meeting of DOF ASA. The Extraordinary General Meeting will be held on Wednesday 30 October 2019 at 10.00 hours, in the company's facilities at Storebø in the municipality of Austevoll. A printed version of the notice will be sent by post to all shareholders. Contact persons: CEO Mons S. Aase, +47 91 66 10 12 CFO Hilde Drønen, +47 91 66 10 09 With a multi-national workforce of about 3,500 personnel, DOF ASA is an international group of companies which owns and operates a fleet of modern offshore/subsea vessels, and engineering capacity to service both the offshore and subsea market. With over 35 years in the offshore business, the group has a strong position in terms of experience, innovation, product range, technology and capacity. DOF's core businesses are vessel ownership, vessel management, project management, engineering, vessel operations, survey, remote intervention and diving operations primarily for the oil and gas sector. From PSV charter to Subsea engineering, DOF offers a full spectrum of top quality offshore services to facilitate an ever-growing and demanding industry. The company's main operation centers and business units are located in Norway, the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia. DOF ASA is listed on the Oslo Exchange since 1997.

Reference is made to Refinancing Update dated 8 October 2019. DOF Subsea has today been notified that Nordic Trustee, on behalf of a group of bondholders in the DOFSUB07 bond loan, will send out a summons for another Bondholders meeting to be held on 30 October 2019, which is enclosed. For further information, please contact: CEO Mons Aase, tel. +47 91 66 10 12 CFO Hilde Drønen, tel. +47 48 09 46 99 With a multi-national workforce of about 3,500 personnel, DOF ASA is an international group of companies which owns and operates a fleet of modern offshore/subsea vessels, and engineering capacity to service both the offshore and subsea market. With over 35 years in the offshore business, the group has a strong position in terms of experience, innovation, product range, technology and capacity. DOF's core businesses are vessel ownership, vessel management, project management, engineering, vessel operations, survey, remote intervention and diving operations primarily for the oil and gas sector. From PSV charter to Subsea engineering, DOF offers a full spectrum of top quality offshore services to facilitate an ever-growing and demanding industry. The company's main operation centers and business units are located in Norway, the UK, the USA, Singapore, Brazil, Argentina, Egypt, Angola, and Australia. DOF ASA is listed on the Oslo Exchange since 1997.

Equinor Energy AS has exercised a 6 months option connected to the Framework Agreement awarded in 2018. The vessel will be utilized firm from mid November 2019 until mid May 2020. The CEO, Mons Aase comments "Skandi Vega has served Equinor since 2009 and we are satisfied that the vessel is secured firm work through the coming winter season" Contact persons: CEO Mons S. Aase, +47 91 66 10 12 CFO Hilde Drønen, +47 91 66 10 09 With a multi-national workforce of about 3,500 personnel, DOF ASA is an international group of companies which owns and operates a fleet of modern offshore/subsea vessels, and engineering capacity to service both the offshore and subsea market. With over 35 years in the offshore business, the group has a strong position in terms of experience, innovation, product range, technology and capacity. DOF's core businesses are vessel ownership, vessel management, project management, engineering, vessel operations, survey, remote intervention and diving operations primarily for the oil and gas sector. From PSV charter to Subsea engineering, DOF offers a full spectrum of top quality offshore services to facilitate an ever-growing and demanding industry. The company's main operation centers and business units are located in Norway, the UK, the USA, Singapore, Brazil, Argentina, Egypt, Angola, and Australia. DOF ASA is listed on the Oslo Exchange since 1997.