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DOF Subsea Interim Financial Report Q1 2019

The Group’s operating income for 1st quarter (management reporting) totals NOK 1 although no assurance can be given that the Group will be successful in this respect. The effects of such breach are further described in note 6 (Net interest bearing debt) to the quarterly accounts. Please see enclosed 1st quarter Financial Report 2019. For further information please contact: Mons S. Aase CEO DOF Subsea – Tel: +47 91 66 10 12 Marianne Møgster SVP Finance DOF Subsea – Tel: +47 99 30 69 16 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 Oil and Gas Marine Telecommunications and Renewables markets. www.dofsubsea.com"

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