DOF Group ASA - Contract awards for Skandi Implementer

18 Feb 2025 16:21 CET

DOF Group ASA ("DOF") is pleased to announce two contracts for two subsea
construction projects for two international oil companies in the Gulf of Mexico.
Skandi Implementer, which recently departed Mexico following contract
termination after payment default from a client, will be deployed for the
projects. Total expected duration for the projects is approximately two months
in total.

The vessel will complete the integration of survey services and two of DOF's
ROVs in late February before starting the project mobilization.

Mons Aase, CEO DOF Group ASA, said "We are pleased to be able to quickly secure
work for Skandi Implementer following the recent contract termination. Beyond
contributing with asset utilization and backlog, these contract awards represent
advancing another of our I-class vessels into our subsea project business in
line with our plan to add subsea service scopes to our most recent additions to
the fleet through the DOF Denmark transaction."

For further information, please contact:

Eirik Vardøy, Investor Relations DOF Group ASA

Phone: +47 94 83 64 64

About DOF:

DOF Group ASA (OSE ticker: DOFG) is a leading provider of offshore and subsea
services to the offshore energy industry. The company owns and operates a fleet
of modern offshore/subsea vessels which is combined with strong engineering
capabilities to provide integrated offshore services globally.

www.dof.com

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639093_Release.pdf