Floatel International Ltd: Sale of Floatel Reliance and Presentation at the DNB Energy & Shipping Conference

05 Mar 2025 09:12 CET

Oslo, March 5, 2025

The Company is pleased to announce that an in principle agreement to sell its
2010-built accommodation, safety and support semi-submersible unit Floatel
Reliance for further use has been reached and is expected to be signed within
short. The intention is to handover Floatel Reliance to its new owner during the
second quarter 2025.

Floatel International’s CEO Peter Jacobsson will today present at the DNB Energy
and Shipping Conference. The presentation is available on our website
https://floatel.no/investors.
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For further information, please contact:
Peter Jacobsson, CEO, +47 934 00 232
Tomas Hjelmstierna, CFO, +47 934 00 381
Tel: +47 46 50 01 33
Email: ir@floatel.no

This information is subject to disclosure requirements pursuant to Section 5-12
of the Norwegian Securities Trading Act.
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About Floatel International Ltd

Floatel International Ltd was founded in 2006 to meet the growing demand for
next-generation offshore accommodation vessels. The Company’s vision is to own
and operate a modern, safe, and reliable flotel fleet. Since 2021, the Company’s
principal place of business has been in Norway.

The Floatel Group operates a fleet of four semisubmersible accommodation units
delivered between 2010 and 2016. Floatel Endurance and Floatel Superior are
approved for operations in the Norwegian sector. The entire fleet is approved
for operations in the UK sector. A fifth unit, Floatel Reliance, is currently
laid up and held for sale.

The Group employs approximately 450 personnel globally, including offshore
staff.

All flotels are equipped with dynamic positioning systems and comply with the
latest health, safety, and environmental standards, ensuring quality and comfort
for onboard personnel. Accommodation capacity ranges from 440 to 560 beds. Each
flotel includes large deck areas, workshops, and crane support, enabling them to
handle complex offshore hook-up projects as well as maintenance and
modifications of existing offshore installations.

The Company’s senior secured bonds are listed on Oslo Børs under the ticker code
FLOAT07.

For more information, visit: https://floatel.no.

More information:
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640436_Floatel Int'l Mar-2025 DNB.pdf