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Summons to Bondholders’ Meeting

Bondholders holding in excess of 10% of the DOFSUB07 have requested that the Bond Trustee issues a request for a Bondholders’ Meeting pursuant to Clause 16 (Bondholders’ Meeting) of the Bond Agreement to consider the appointment of new advisors to the Bond Trustee in connection with the contemplated financial restructuring of the Issuer and its subsidiaries. See enclosed Summons for a meeting on 30 June 2020. For further information 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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