Cool Company Ltd.: New shares issued

07 Nov 2022 18:02 CET

Bermuda, 7 November 2022: Reference is made to the stock exchange notice from
Cool Company Limited (“Cool Company” or the “Company”) on 2 November 2022
announcing the successful placement of 21,724,616 shares in a private placement
in the Company at a subscription price of NOK 130 per share, consisting of
13,678,462 new shares (the “New Shares”) issued by the Company and 8,046,154
existing shares (the “Sale Shares”) sold by Golar LNG Ltd.

Today, the New Shares have been legally and validly issued. Following such share
issue, the issued share capital of the Company is USD 53,688,462.00, divided
into 53,688,462 shares, each with a par value of USD 1.00. The authorised share
capital of the Company is USD 400,000,000.00, divided into 400,000,000 shares,
each with a par value of USD 1.00.

ABOUT COOL COMPANY

Cool Company is a growth-oriented owner, operator and manager of fuel-efficient
liquefied natural gas (“LNG”) carriers. Using its integrated, in-house vessel
management platform, CoolCo provides charterers and third-party LNG vessel
owners with modern and flexible management and transportation solutions,
delivering a lesser-emitting form of energy that supports decarbonization
efforts, economic growth, energy security, and improvements in quality of life.
CoolCo also intends to leverage its industry relationships to make further
accretive acquisitions of in-service LNGCs, and to selectively pursue newbuild
opportunities.

Additional information about Cool Company can be found at www.coolcoltd.com.

For further information, please contact:

Richard Tyrrell, CEO
Email: richard.tyrrell@coolcoltd.com
Phone: +44 20 7659 1111
John Boots, CFO
Email: john.boots@coolcoltd.com
Phone: +44 20 7659 1111

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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