DOF Group ASA - Grant of share options to primary insiders

20 Aug 2025 15:50 CEST

As part of DOF Group ASA's (the "Company") long-term share option scheme for
senior executives described in the Company's guidelines for salary and other
renumeration to leading personnel, approved at the annual general meeting held
on 20 May 2025,  the Company's board of directors has resolved to grant a total
of 1,076,250 share options to selected senior executives, including primary
insiders.

The options vest in tranches with 1/3 of the options vesting on 20 August 2026,
1/3 on 20 August 2027, and 1/3 on 20 August 2028. All options expire on 20
August 2030 and any options not exercised by the expiry date will lapse without
compensation. Each option gives the right to purchase one share in DOF Group
ASA.

The strike price for the options has been set to NOK 95.90553 per share. The
strike price is equal to the subscription price in the USD 100 million private
placement in July 2024 of NOK 99.0 per share, adjusted for the dividend of NOK
3.09447 per share paid in June 2025.

The following primary insiders have been granted options:

Mons S. Aase, CEO, has been granted 210,000 share options. Following the grant,
he holds 210,000 options and 716,026 shares in the Company.

Martin Lundberg, CFO, has been granted 123,750 share options. Following the
grant, he holds 123,750 options and 135,000 shares in the Company.

Marianne Møgster, EVP Marine and Asset Operations, has been granted 123,750
share options. Following the grant, she holds 123,750 options and 168,084 shares
in the Company.

Toril Træen, EVP People and Organisation, has been granted 123,750 share
options. Following the grant, she holds 123,750 options and 26,085 shares in the
Company.

For further information, please refer to the attached document.

This information is subject to the disclosure requirements pursuant to article
19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian
Securities Trading Act.

Contact information:

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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653380_DOFG_PDMR_Grant_of_share_options_20_Aug_2025.pdf