Telford Offshore – Changes to Executive Management Team

01 Mar 2026 18:00 CET

Dubai, United Arab Emirates, 1 March 2026 – Telford Finco (the “Company” or
“Telford Offshore”) announced today that Olav Andreas Sissener has joined the
Company as Chief Financial Officer (CFO), effective 1 March 2026.

Olav Andreas previously served as Managing Director at DNB Carnegie, part of DNB
Bank ASA. He has extensive experience within the oilfield services sector, with
a strong background in capital markets, banking, and strategic financial
advisory.

Olav Andreas replaces Christoph Bausch, who served as Interim Chief Financial
Officer since last September. Christoph will remain closely involved with the
Company in a new capacity as Advisor to the Board of Directors. In this role, he
will support the Board of Directors and the Executive Management Team on
strategic matters, ensure continuity on key initiatives, and facilitate the
transition.

Robert Duncan, CEO of Telford Offshore, commented:

“We are pleased to welcome Olav Andreas to Telford as Chief Financial Officer.
His deep industry expertise and strong capital markets background will be
instrumental as we strengthen Telford Offshore’s capital markets access, deepen
our banking relationships, and further develop our long term financial and
strategic capabilities.

I would like to thank Christoph for his valuable leadership during his tenure as
Interim Chief Financial Officer.”

Telford Offshore is an international offshore service provider delivering
cost-effective construction and project management solutions for the oil and gas
industry. The Company continues to focus on, and deliver, satisfactory
profitability and returns on capital with a disciplined risk profile, supported
by high utilisation and a strong backlog of time charter contracts with blue
chip customers in our core regions.

For further information, please refer to https://telfordoffshore.com/ or contact

Investor Relations: IR@telfordoffshore.com

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