DOF Group ASA - two long term contracts awarded with Petrobras in Brazil

27 Jun 2025 16:22 CEST

DOF Group ASA ("DOF") is pleased to announce two new contracts in Brazil.

Skandi Logger, an AHTS with 250t bollard pull built in 2009, has been contracted
for a 4-year engagement with Petrobras, following the same competitive AHTS
tender process that resulted in the contracts of Skandi Iguaçu, Skandi Angra,
Skandi Paraty and Skandi Urca as previously announced. For this contract,
expected to start in February 2026, Skandi Logger will be reflagged to Brazilian
Flag.

Resulting from another competitive tender process, Skandi Achiever has been
contracted as RSV for a 4-year engagement with Petrobras. Expected commencement
is in December 2025, in direct continuation of her current contract with another
client in Brazil. Petrobras' contract foresees the utilisation of Achiever's 2
WROVs and subsea crane.

The two contracts have a combined value of more than USD 275 million.

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 vessels which is combined with strong engineering capabilities to
provide integrated services globally.

www.dof.com

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650270_Release.pdf