Reference is made to the resolutions adopted in the bondholders' meetings in DOF Subsea AS' three bond loans (FRN DOF Subsea AS Senior Unsecured Bond Issue 2013/2020 with a possibility to further extend the standstill arrangement with the approval of the ad-hoc group of bondholders (the ""Ad-Hoc Group""). In order to facilitate the implementation of the Restructuring through reconstruction proceedings bankruptcy or otherwise DOF is pleased to announce that the senior creditors and bondholders that are parties to the Restructuring Agreement have agreed to extend the Long Stop Date in the Restructuring Agreement to 31 March 2023 and that the ad-hoc group of bondholders in DOF Subsea AS' bond loans (FRN DOF Subsea AS Senior Unsecured Bond Issue 2013/2020 DOF Subsea AS 9.50% Senior Unsecured Bond Issue 2017/2022 and FRN DOF Subsea AS Senior Unsecured Bond Issue 2018/2023) has extended the standstill arrangements with the bondholders to 31 March 2023 in accordance with the authority granted in the bondholders' meetings held on 7 November 2022. For further information please contact: CEO Mons Aase tel. +47 91 66 10 12 CFO Martin Lundberg tel. +47 91 62 10 57 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. About DOF Subsea: The DOF Subsea Group is a specialist subsea service business that provides subsea construction subsea engineering inspection repair and maintenance and survey services which involve complex and challenging engineering in an international environment. DOF Subsea owns a large fleet of modern subsea construction intervention and survey vessels that enable it to offer differentiated positions with its clients and work in long term relationships which enhance service delivery and reduce the overall risk. The company’s core business is project management engineering vessel operations survey remote intervention and diving operations primarily for the Offshore Energy Marine Telecommunications and Renewables markets. www.dofsubsea.com"
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