Telford Offshore – Middle East Status Update

02 Mar 2026 13:08 CET

Dubai, United Arab Emirates, 2 March 2026 – Telford Finco (the “Company” or
“Telford Offshore”) confirms that the company has activated its crisis
management protocols and implemented precautionary measures in alignment with
guidance from local authorities and in close coordination with clients.

The measures include the activation of local and corporate response teams,
implementation of local emergency protocols and suspending travel and crew
changes to and from concerned countries. Safety and security of our people and
also the security of our vessels, remain the absolute priorities.

As at today’s date, we can confirm that all personnel, both onshore and
offshore, are safe and accounted for, and that all 4 vessels in our regional
fleet are safe and secure.

The Company currently has vessels located in the United Arab Emirates and Qatar,
and regional offices in Dubai and Doha. Our Telford 31 and Telford 33 vessels
are both operational and on-hire, working offshore Qatar. Our Telford 25 and
Telford 34 vessels are both in UAE ports, undergoing contract preparation works.

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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