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DOF ASA AND DOF SUBSEA AS: EXTENSION OF STANDSTILL AGREEMENTS WITH SECURED LENDERS AND RESULT FROM BONDHOLDERS' MEETINGS

June 30, 2021

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 currently in place to 30 June 2021 with the approval of the ad-hoc committee of bondholders. Reference is further made to previous announcements on 28 March 2021 30 April 2021 and 31 May 2021 respectively regarding the ad-hoc committee's approval of further extensions of the standstill arrangement with the bondholders described above ultimately expiring on 30 June 2021. Discussions and negotiations with the DOF group's secured lenders and advisers to the bondholders respectively regarding an overall financial restructuring of the group are still ongoing. However further discussions and negotiations will be required to determine whether an agreement for an overall restructuring of the DOF group can be found. DOF Subsea AS has therefore requested Nordic Trustee AS to summon bondholders' meetings in the three bond loans to consider the extension of the standstill period initially until 31 August 2021 and with a possibility to extend to 30 September 2021 with the approval of an ad-hoc committee of bondholders. The proposal is further described in the attached summons to the bondholders in the three bond loans. A request has also been made to the DOF group's secured lenders to extend the suspension of payments of principal and interest that have been granted by a majority of its secured lenders. For further information please contact: CEO Mons Aase tel. +47 91 66 10 12 CFO DOF Hilde Drønen tel. +47 91 66 10 09 CFO DOF Subsea Martin Lundberg tel. +47 91 62 10 57 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

DOF Subsea

SUMMONS TO BONDHOLDERS' MEETINGS IN DOF SUBSEA AS - REQUEST TO EXTEND STANDSTILL PERIOD

June 16, 2021

Reference is made to previous announcements on 21 January 2021 secured lenders representing in total 91% of the secured debt of DOF ASA and DOF Rederi AS and in total 88% of the secured debt of companies within the DOF Subsea AS group (excluding DOF Subsea Brasil Servicos Ltda.) until 30 June 2021. DOF Subsea AS has also received confirmation from the ad hoc group of bondholders that they have agreed to further extend the suspension deferral and standstill arrangement currently in place for the bond issues until 30 June 2021. The current stand-still arrangement with BNDES to Norskan Offshore Ltda. and DOF Subsea Brasil Servicos Ltda. will expire on 10 June 2021 and further extensions have been sought from BNDES. In the event that such further stand-still is not obtained from BNDES the continuation of the extended stand-still with the other secured lenders will require acceptance from the secured lenders to servicing of certain debt to BNDES. The extensions of the stand-still periods are entered into to facilitate the Group's continued dialogue with its secured lenders and the bondholders under the Group's bond loans regarding a long-term financial restructuring of the Group. For further information please contact: CEO Mons Aase tel. +47 91 66 10 12 CFO DOF Hilde Drønen tel. +47 91 66 10 09 CFO DOF Subsea Martin Lundberg tel. +47 91 62 10 57 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

DOF Subsea

DOF ASA AND DOF SUBSEA AS: FURTHER EXTENSION OF STANDSTILL AGREEMENTS WITH SECURED LENDERS AND BONDHOLDERS

May 31, 2021

DOF Subsea

Reference is made to DOF ASA's previous announcements on 23 November 2022 and 9 December 2022, regarding the Notice of the Extraordinary General Meeting to consider the proposal from Bjarte Brønmo and Sans Invest AS to elect a new Board in DOF ASA. The Extraordinary General Meeting of DOF ASA was held today on 14 December 2022 at 12:00 CET. A copy of the minutes from the Extraordinary General Meeting are attached to this notice. The new Chair of DOF ASA's Board of Directors, Leif Salomonsen states the following: "The Board of directors will start work immediately. Task number one is to get a complete overview of the work which has been done so far, the plans that are in place, and then gradually form an opinion on how to proceed. As part of this, the Board will work closely with the company's management, its creditors and other stakeholders that are central to the company's future." This information is considered to be inside information pursuant to the EU Market Abuse Regulation, and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. The stock exchange announcement was published by Hilde Drønen, CFO, DOF ASA. With a multi-national workforce of about 3,900 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 40 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 Stock Exchange since 1997.

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DOF ASA - MINUTES FROM THE EXTRAORDINARY GENERAL MEETING

December 14, 2022

Reference is made to DOF ASA's previous announcements on 23 November 2022 and 9 December 2022, regarding the Notice of the Extraordinary General Meeting to consider the proposal from Bjarte Brønmo and Sans Invest AS to elect a new Board in DOF ASA. The Extraordinary General Meeting of DOF ASA was held today on 14 December 2022 at 12:00 CET. A copy of the minutes from the Extraordinary General Meeting are attached to this notice. The new Chair of DOF ASA's Board of Directors, Leif Salomonsen states the following: "The Board of directors will start work immediately. Task number one is to get a complete overview of the work which has been done so far, the plans that are in place, and then gradually form an opinion on how to proceed. As part of this, the Board will work closely with the company's management, its creditors and other stakeholders that are central to the company's future." This information is considered to be inside information pursuant to the EU Market Abuse Regulation, and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. The stock exchange announcement was published by Hilde Drønen, CFO, DOF ASA. With a multi-national workforce of about 3,900 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 40 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 Stock Exchange since 1997.

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