Latest News | DOF Group ASA

As previously reported in DOF Subsea AS’s (“DOF Subsea” or the “Company”) financial report for Q2 2019 including a constructive dialogue with key banks to adapt bank facilities to the current market environment. DOF Subsea has today summoned a bondholder meeting in order to postpone an instalment in DOFSUB07 due on the 22nd of October as further described in the summons. Based on the current dialogue with all stakeholders the best estimate for reaching an agreement on the long-term solutions is during 4th quarter 2019 however no assurance can be given at this stage. Please find enclosed Summons to Bondholders' Meeting (the “Proposal”). The Issuer has engaged ABG Sundal Collier ASA and Pareto Securities AS as its financial advisors (the “Advisors”) with respect to the Proposal. Accordingly Bondholders may contact ABG Sundal Collier ASA at +47 22 01 61 66 or Pareto Securities AS Fixed Income Sales at +47 22 87 87 70 for further information. For further information please contact: CEO Mons Aase tel. +47 91 66 10 12 CFO Jan Nore tel. +47 48 09 46 99 SVP Marianne Møgster tel. +47 99 30 69 16 AboutDOF 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 www.dofsubsea.com IMPORTANT INFORMATION This communication may not be published distributed or transmitted in the United States Canada Australia or Japan. These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities of the Company in the United States Norway or any other jurisdiction. The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933 as amended (the ""U.S. Securities Act""). The securities of the Company have not been and will not be registered under the U.S. Securities Act. Any sale in the United States of the securities mentioned in this communication will be made solely to ""qualified institutional buyers"" as defined in Rule 144A under the U.S. Securities Act and to ""major U.S. institutional investors"" under SEC Rule 15a-6 to the United States Exchange Act of 1934. No public offering of the securities will be made in the United States. In any EEA Member State that has implemented the Prospectus Directive this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive i.e. only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression ""Prospectus Directive"" means Directive 2003/71/EC (and amendments thereto including Directive 2010/73/EU to the extent implemented in any relevant Member State) and includes any relevant implementing measure in the relevant Member State. In the United Kingdom this communication is only addressed to and is only directed at Qualified Investors who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the ""Order"") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies unincorporated associations etc.) (all such persons together being referred to as ""Relevant Persons""). These materials are directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons distributing this communication must satisfy themselves that it is lawful to do so. Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as ""anticipate"" ""believe"" ""continue"" ""estimate"" ""expect"" ""intends"" ""may"" ""should"" ""will"" and similar expressions. The forward-looking statements in this release are based upon various assumptions many of which are based in turn upon further assumptions. Although the Company believes that these assumptions were reasonable when made these assumptions are inherently subject to significant known and unknown risks uncertainties contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks uncertainties contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice. This announcement is made by and and is the responsibility of the Company. Pareto Securities AS and ABG Sundal Collier (the ""Managers"") are acting exclusively for the Company and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for advice in relation to the contents of this announcement or any of the matters referred to herein. Neither the Managers nor any of their respective affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein. This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the Managers nor any of their respective affiliates accepts any liability arising from the use of this announcement. Each of the Company the Managers and their respective affiliates expressly disclaims any obligation or undertaking to update review or revise any statement contained in this announcement whether as a result of new information future developments or otherwise. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act."

DOF Subsea

NOT FOR DISTRIBUTION OR RELEASE OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE IMPORTANT INFORMATION AT THE END OF THE ANNOUNCEMENT. Reference is made to press release by DOF Subsea AS (""DOF Subsea"" or the ""Company"") earlier today 25 June 2019 announcing the intention to summon bondholder meetings for all of its three 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). The summons is being issued today and a copy of this is attached. For further information please contact: CEO Mons Aase tel. +47 91 66 10 12 CFO Jan Nore tel. +47 48 09 46 99 SVP Marianne Møgster 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 IMPORTANT INFORMATION This communication may not be published distributed or transmitted in the United States Canada Australia or Japan. These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities of the Company in the United States Norway or any other jurisdiction. The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933 as amended (the ""U.S. Securities Act""). The securities of the Company have not been and will not be registered under the U.S. Securities Act. Any sale in the United States of the securities mentioned in this communication will be made solely to ""qualified institutional buyers"" as defined in Rule 144A under the U.S. Securities Act and to ""major U.S. institutional investors"" under SEC Rule 15a-6 to the United States Exchange Act of 1934. No public offering of the securities will be made in the United States. In any EEA Member State that has implemented the Prospectus Directive this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive i.e. only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression ""Prospectus Directive"" means Directive 2003/71/EC (and amendments thereto including Directive 2010/73/EU to the extent implemented in any relevant Member State) and includes any relevant implementing measure in the relevant Member State. In the United Kingdom this communication is only addressed to and is only directed at Qualified Investors who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the ""Order"") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies unincorporated associations etc.) (all such persons together being referred to as ""Relevant Persons""). These materials are directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons distributing this communication must satisfy themselves that it is lawful to do so. Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as ""anticipate"" ""believe"" ""continue"" ""estimate"" ""expect"" ""intends"" ""may"" ""should"" ""will"" and similar expressions. The forward-looking statements in this release are based upon various assumptions many of which are based in turn upon further assumptions. Although the Company believes that these assumptions were reasonable when made these assumptions are inherently subject to significant known and unknown risks uncertainties contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks uncertainties contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice. This announcement is made by and and is the responsibility of the Company. Pareto Securities AS and ABG Sundal Collier (the ""Managers"") are acting exclusively for the Company and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for advice in relation to the contents of this announcement or any of the matters referred to herein. Neither the Managers nor any of their respective affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein. This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the Managers nor any of their respective affiliates accepts any liability arising from the use of this announcement. Each of the Company the Managers and their respective affiliates expressly disclaims any obligation or undertaking to update review or revise any statement contained in this announcement whether as a result of new information future developments or otherwise. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act."

DOF Subsea

DOF Subsea AS – Summons to bondholder meetings

June 25, 2019

Det vises til DOF ASAs ("Selskapet" eller "DOF", og sammen med datterselskapene, "Gruppen") tidligere børsmeldinger henholdsvis 22. juni 2022 og 13. oktober 2022 vedrørende den finansielle restruktureringsprosessen, og børsmeldingen 11. november 2022 vedrørende avstemningsresultatet på den ekstraordinære generalforsamlingen avholdt samme dag ("Generalforsamlingen"). Som følge av manglende godkjenning av den foreslåtte restruktureringen på Generalforsamlingen og i henhold til Gruppens forpliktelser etter avtalen med en betydelig gruppe finansielle kreditorer og visse andre interessenter ("Restruktureringsavtalen") om en omfattende finansiell restrukturering ("Restruktureringen"), vil DOF i dag begjære rekonstruksjonsforhandlinger ved Hordaland tingrett ("Rekonstruksjonen"). Som tidligere kommunisert av Selskapet, har de finansielle kreditorene til Gruppen gjort det klart at (i) det ikke er rom for aksjonærene til å forhandle om en gunstigere løsning enn forslaget som ble presentert for generalforsamlingen den 11. november 2022 der aksjonærene ble tilbudt 4% av aksjekapitalen etter Restruktureringen og (ii) aksjonærene ikke vil bli tilbudt mer enn 1% av aksjekapitalen etter Restruktureringen som en del av Rekonstruksjonen, med mindre noe annet aksepteres av de finansielle kreditorene. Etter styrets vurdering foreligger det ingen annen løsning som sikrer videre drift i Gruppen enn den avtalte Restruktureringen. Det er videre gjort klart av Gruppens finansielle kreditorer at gjennomføring av Restruktureringen skal skje i henhold til Restruktureringsavtalen. Etter Restruktureringsavtalen er DOF i den nåværende situasjonen forpliktet til å sørge for at rekonstruksjonsforhandlinger åpnes. Dette underbygges ytterligere av et brev fra kreditorene hvor det kreves at Rekonstruksjonen åpnes omgående. Styret har også vært i dialog med oppnevnt rådgiver for minoritetsaksjonærene for å fremskaffe ønsket dokumentasjon. Styret har ikke mottatt informasjon som tilsier at minoritetsaksjonærene har noen reell alternativ løsning til Restruktureringen. Som forberedelse til Rekonstruksjonen, og for å sikre videre drift i resten av Gruppen uavhengig av utfallet av Rekonstruksjonen, har Selskapet overført majoriteten av sin virksomhet, eiendeler og kontraktsmessige forpliktelser til sitt heleide datterselskap, DOF Services AS. De ansatte i Selskapet har i henhold til Restruktureringsavtalen blitt overført til Selskapets heleide datterselskap DOF AS sammen med tilhørende tredjepartsavtaler som er nødvendige for å drive konsernet. Gruppens virksomhet forventes derfor å fortsette som normalt, både gjennom hele rekonstruksjonsprosessen og ved en eventuell påfølgende konkurs i Selskapet. Som tidligere kommunisert vil ikke kreditorer og kontraktsparter utover de finansielle kreditorene som er part i Restruktureringen bli påvirket av Restruktureringen. I lys av de kontinuerlige spekulasjonene blant minoritetsaksjonærene i DOF som stiller spørsmål ved prinsippet om likebehandling av alle Selskapets aksjonærer, og til tross for tidligere meldinger som bekrefter det samme, ser Selskapet nok en gang et behov for å gjenta at forslaget om Restrukturering som ble presentert for Generalforsamlingen sørget for likebehandling av alle aksjonærene i Selskapet. Hovedaksjonæren i DOF har også bekreftet at det ikke er noen avtale eller ordning om særbehandling av hovedaksjonæren sammenlignet med øvrige aksjonærer, uavhengig av hvordan Restruktureringen gjennomføres. For mer informasjon, vennligst kontakt: Styrets leder Hans Olav Lindal, tlf. 958 39 562 Denne informasjonen anses som innsideinformasjon i henhold til EUs Markedsmisbruksforordning, og er informasjonspliktig etter verdipapirhandelloven § 5-12. Børsmeldingen er publisert av 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 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 Exchange since 1997.

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DOF ASA: Begjæring om Rekonstruksjon

December 2, 2022

Reference is made to DOF ASA's (the "Company" or "DOF" and together with its subsidiaries the "Group") previous announcements on 22 June 2022 and 13 October 2022 regarding the financial restructuring process, and the announcement on 11 November 2022 regarding the voting result at the extraordinary general meeting held the same day ("EGM"). As a result of the failure to obtain approval of the proposed restructuring at the EGM and pursuant to the Group's obligations under the agreement with a substantial group of financial creditors and certain other stakeholders (the "Restructuring Agreement") on a comprehensive financial restructuring (the "Restructuring"), DOF will today petition for reconstruction proceedings with Hordaland district court (the "Reconstruction"). As previously communicated by the Company, the financial creditors of the Group have made it clear (i) that there is no room for the shareholders to negotiate a more favorable solution than the proposal that was presented to the EGM on 11 November 2022 whereby the shareholders was offered 4% of the share capital following the Restructuring and (ii) that the shareholders will not be offered more than 1% of the share capital following the Restructuring as part of the Reconstruction, unless otherwise agreed by the financial creditors. The board of directors is of the view that there is no other available solution that ensures the continued operations in the Group than the agreed Restructuring. It has also been made clear by the Group's financial creditors that implementation of the Restructuring must take place in accordance with the Restructuring Agreement. According to the terms of the Restructuring Agreement, DOF is in the current situation obliged to procure that the Reconstruction proceedings are opened. This is further substantiated by a letter from the creditors requesting Reconstruction to be opened promptly. The Board has also been in dialogue with the appointed advisor of the minority shareholders in order to provide the requested documentation. The Board has not received information which indicates that the minority shareholders have any viable alternative solution to the Restructuring. In preparation of the Reconstruction, and in order to secure the continued operations in the rest of the Group irrespective of the outcome of the Restructuring in the Company, the Company has transferred the majority of its business, assets and contractual liabilities to its wholly owned subsidiary DOF Services AS. The employees of the Company have, in accordance with the Restructuring Agreement, been transferred to the Company's wholly owned subsidiary DOF AS together with related third-party agreements necessary to operate the Group. The Group's operations are therefore expected to continue as normal both throughout the Reconstruction process and in the event of a subsequent bankruptcy in the Company. As previously communicated, creditors and contract parties other than the financial creditors party to the Restructuring will not be affected by the Restructuring. In light of continuous speculations among the minority shareholders of DOF questioning the principle of equal treatment of all the shareholders of the Company, and despite previous announcements confirming the same, the Company see once more the need to reiterate that the Restructuring proposal that was presented to the EGM provided for equal treatment of all the shareholders of the Company. The main shareholder in DOF has also confirmed that there is no agreement or arrangement regarding preferential treatment of the main shareholder compared to other shareholders irrespective of how the Restructuring is implemented. For further information, please contact: Chairman of the Board Hans Olav Lindal, tel. + 47 958 39 562 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 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 Exchange since 1997.

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DOF ASA: Petition for Reconstruction

December 2, 2022

Historical OSE Notices

OSLO BØRS - TRADING SUSPENSION

December 2, 2022

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, DOF Subsea AS 9.50% Senior Unsecured Bond Issue 2017/2022 and FRN DOF Subsea AS Senior Unsecured Bond Issue 2018/2023) on 7 November 2022 (together the "Bond Loans"), whereby the bondholders on certain conditions approved to extend their waiver from, and suspension of, all payment obligations under each of the bond loans until 30 November 2022, 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 Hilde Drønen, tel. +47 91 66 10 09 This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. With a multi-national workforce of about 3,800 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 Exchange since 1997.

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DOF ASA AND DOF SUBSEA AS: FURTHER EXTENSION OF STANDSTILL PERIOD

November 30, 2022

DOF Group is pleased to announce multiple new contracts in Atlantic region and the long-term charter of the CSV vessel Havila Phoenix. The region has been awarded an Integrated Field Support Vessel (FSV) contract with an international operator in West-Africa. The contract is 365 days firm, with 365 days of options. DOF shall deliver project management, engineering, procurement and logistics within deep-water construction and maintenance of existing subsea infrastructure. The project shall utilise Skandi Seven for the contract. The region has also been awarded multiple FEED studies towards prospective floating wind developments in the Atlantic region. DOF shall use its project management, engineering and logistical expert teams to outline marine operation solutions, including mooring and dynamic cable installation. DOF is further pleased to announce the charter of Havila Phoenix on a 3-year firm plus 2-year option contract, with commencement in Q1, 2023. Havila Phoenix is a large and modern CSV, equipped with one 250-ton AHC offshore crane, one 20 -ton AHC offshore crane, 2 WROVs and a large construction deck. The vessel will be utilised within the DOF Subsea's project segment. Mons Aase, CEO DOF Subsea AS, said, "I`m pleased with the award for a new integrated FSV contract in West-Africa, once again proving our ability to deliver complex marine operations and engineering services. I also welcome Havila Phoenix into our fleet of advanced subsea vessels. For further information, please contact: CEO Mons S. Aase, Tel: +47 91 66 10 12 CFO Hilde Drønen, Tel: +47 91 66 10 09 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 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 Exchange since 1997.

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DOF Contract and Fleet update

November 28, 2022

Historical OSE Notices

Disclosure of voting proxies for the Extraordinary General Meeting of DOF ASA 14 December 2022

November 25, 2022

Det vises til kunngjøring fra DOF ASA ("Selskapet") 17. november 2022 vedrørende krav om innkalling til ekstraordinær generalforsamling ("EGF") etter allmennaksjeloven § 5-7(2), som skal avholdes for å behandle forslag om å velge nytt styre i Selskapet. Generalforsamlingen vil bli avholdt onsdag 14. desember 2022 kl. 12:00 som et elektronisk møte. Aksjonærer som ønsker å delta og stemme i EGF må være registrert med en brukerprofil i møteportalen Orgbrain (www.orgbrain.no) eller sende inn fullmakt til Selskapet innen kl. 12:00 den 9. desember 2022. Informasjon om deltakelse og registrering er inkludert i innkallingen vedlagt denne kunngjøringen og også tilgjengelig på selskapets nettside www.dof.com. Ytterligere informasjon om den elektroniske deltakelsen vil bli publisert på selskapets nettside www.dof.com og vil bli distribuert til aksjonærene som fyller ut og returnerer påmeldingsskjemaet. Papirversjon av innkallingen vil sendes per post til de aksjeeierne som har reservert seg mot elektronisk kommunikasjon i VPS Investortjenester. For nærmere informasjon vennligst kontakt: CEO Mons Aase, tel. +47 91 66 10 12 CFO Hilde Drønen, tel. +47 91 66 10 09 Denne informasjonen er informasjonspliktig etter verdipapirhandelloven § 5-12. 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 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 Exchange since 1997.

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DOF ASA: INNKALLING TIL EKSTRAORDINÆR GENERALFORSAMLING

November 23, 2022

Reference is made to the announcement made by DOF ASA (the "Company") on 17 November 2022, regarding a request for an extraordinary general meeting ("EGM") pursuant to section 5-7(2) of the Norwegian Public Limited Companies Act, to be held to consider a proposal to elect a new board of directors in the Company. The EGM will be held on Wednesday 14 December 2022 at 12:00 hours as an electronic meeting. Shareholders who wish to participate and vote at the EGF must be registered with a user profile in the meeting portal Orgbrain (www.orgbrain.no) or submit a proxy to the Company by 12:00 hrs CET on 9 December 2022. Information about participation and registration is included in the notice attached to this announcement and also available on the Company's website www.dof.com. Further information about the electronic participation will be published on the Company's website www.dof.com and distributed to the shareholders who fill in and return the registration form. A paper version of the notice will be sent by post to those shareholders who have reserved themselves against electronic communication on the VPS Investor Services. For further information, please 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 3,900 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 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 Exchange since 1997.

Historical OSE Notices

DOF ASA: NOTICE OF EXTRAORDINARY GENERAL MEETING

November 23, 2022

The board of directors of DOF ASA has pursuant to section 5-7(2) of the Norwegian Public Limited Companies Act received a request for an extraordinary general meeting ("EGM") to be held to consider a proposal to elect a new board of directors in the company. The request has been submitted on behalf of Bjarte Brønmo and Sans Invest AS holding more than 5% of the share capital. It has been informed that Leif Salomonsen will be proposed as new chair of the board and that the other candidates will be presented prior to the general meeting. The board of directors will convene an EGM to be held no later than 14 December 2022. We also attach a new letter received from the financial creditors of the DOF Group, in which it (i) once again is reiterated by the financial creditors that there is no room for further negotiations, (ii) is confirmed that the financial creditors stand by their statement that they, if necessary, will contribute to implementation of the restructuring through a forced reconstruction and/or bankruptcy in DOF ASA and (ii) is expressed that the financial creditors thereby, and in order to preserve the interests of the DOF Group's employees, suppliers and customers, are prepared to contribute to the preservation of the DOF Group's value as a going concern irrespective of the contribution of the shareholders. Further to this, the financial creditors have made it clear that there are no other available alternatives than the negotiated restructuring solution unless the overdue debt of approximately NOK 23 billion is settled. In the same letter it is further emphasized that any action that would be contrary to the interest of the DOF group and the stakeholders of DOF ASA (multitude of the shareholders, creditors etc.) will expose the board of directors in DOF ASA at any given time to personal liability. For further information, please 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 3,900 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 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 Exchange since 1997.

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