Floatel International Ltd: Annual Report 2024

30 Apr 2025 18:15 CEST

Oslo, April 30, 2025

The 2024 Annual Report is published today and consists of our Sustainability
report, Corporate Governance report, Directors’ Report and Consolidated and
Parent Company Financial Statements as one integrated document.

The 2024 Annual Report is attached and is published on Floatel’s 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 on the Norwegian Continental Shelf, while the entire
fleet is approved for global operations, including the UK Continental Shelf. A
fifth unit, Floatel Reliance, is currently laid up and has been sold, with
transfer of ownership and settlement scheduled for the second quarter of 2025.

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.

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645066_Floatel_AnnualReport_2024.pdf