LETTER FROM THE FINANCIAL CREDITORS

15 Dec 2022 12:25 CET

The board of directors of the subsidiaries of DOF ASA has received a new letter
from the financial creditors of the DOF Group, in which it is expressed that the
process of completing the Restructuring Agreement will continue and that any
adverse effects of the Restructuring should only apply to DOF ASA which now is
merely a holding company with no operations. The financial creditors further
express its continued support throughout the process. As such, all operations
within the DOF Group will continue as normal.

Enclosed: letter from the financial creditors

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.

More information:
Access the news on Oslo Bors NewsWeb site

578260_DOF_Creditor_support_letter_2022_12_14_16908929_1.pdf