Sale of PSV Energy Partner

26 Jan 2026 14:20 CET

Ålesund 26.01.2026

Reference is made to the stock exchange announcement by Golden Energy Offshore
Services ASA (the "Company") on 12 December 2025 where the Company informed of
its commitment to a near-term sale of minimum two vessels, subject to market
conditions. The Company also refer to the announcement of the sale of PSV Energy
Empress on 23 January 2026.

The Company is pleased to announce that its subsidiary Energy Partner AS has
today signed a binding sales agreement for the PSV Energy Partner. The agreement
is based on the industry standard Saleform 2012 form and subject to ordinary
conditions for payment upon delivery.

The gross sale price for PSV Energy Partner is agreed at USD 27.25 million
(approximately NOK 265 million) and this sale is expected to be completed medio
February 2026. Upon completion, the transaction will result in a booked gain of
approximately USD 6.5 million and is expected to generate net proceeds after
repayment of the lease, break fees and transaction costs of approximately USD
12.5 million (approximately NOK 122 million).

These agreements reconfirm the value of the Company’s modern quality fleet which
after the completion of the sale consists of MPSV Energy Duchess (sister vessel
to MPSV Energy Empress), PSV Energy Paradise, PSV Energy Passion and PSV Energy
Pace (sister vessels to PSV Energy Partner) and the 2005 built PSV Energy Swan.
Upon completion of the two sales announced on Friday 23 January and today the
Company has sold two vessels for gross purchase price of approximately NOK 560
million and the two sales will upon completion generate net proceeds in excess
of NOK 260 million resulting in a solid cash position for the Company.

For further information, please contact:

Per Ivar Fagervoll
pif@geoff.no
Mobile: + 47 974 28 884

***
This information is considered to include inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Per Ivar Fagervoll, CEO, on 14:20 (CET).

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