COOL COMPANY LTD - VESTING OF RESTRICTED STOCK UNITS TO PRIMARY INSIDERS AND MANDATORY NOTIFICATION OF TRADES

01 Dec 2025 07:00 CET

December 1, 2025

London, UK – COOL COMPANY Ltd. (“CoolCo” or the “Company”) advised today that,
pursuant to the Company’s Long-Term Incentive Program (the “LTIP”), certain
outstanding restricted stock units (“RSUs”) awarded/authorized in 2022, 2023 and
2025 vested on November 30, 2025. Details of the vesting of RSUs to Primary
Insiders are as follows:

1. Richard Tyrrell: 7,812 RSUs (including 797 RSUs subject to accrued dividend
equivalents)
2. Johannes Boots: 4,165 RSUs (including 418 RSUs subject to accrued dividend
equivalents)

The shares underlying the vested RSUs will be paid as cash consideration in
accordance with the terms of the LTIP, at a value of $9.65 per share.

Following the aforementioned vesting on November 30, 2025 and cash settlement of
RSUs:

• Richard Tyrrell holds 8,545 shares, 15,730 RSUs, and 371,227 Options in
CoolCo.
• Johannes Boots holds 1,764 shares, 8,458 RSUs, and 123,742 Options in CoolCo.

Please see the enclosed forms for further details about the transactions.

Full details of the LTIP are available in the Press Release issued on November
25, 2022, or in the Company’s 2024 Annual Report on Form 20-F as filed with the
SEC.

For more information, questions should be directed to:

c/o Cool Company Ltd - +44 207 659 1111 / ir@coolcoltd.com


Richard Tyrrell - Chief Executive Officer
John Boots - Chief Financial Officer

More information:
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660912_Primary insider notification form - Johannes Boots (Vesting 2025).pdf
660912_COOL COMPANY LTD - VESTING OF RESTRICTED STOCK UNITS TO PRIMARY INSIDERS AND MANDATORY NOTIFICATION OF TRADES.pdf
660912_Primary insider notification form - Richard Tyrrell (Vesting 2025).pdf