DOF Group ASA - Amendment to term loan facility

12 Mar 2026 14:39 CET

Reference is made to DOF Group ASA's ("DOF") Q4-25 results presentation on 19
February 2026 where an updated amortisation profile on the DOF Shipowning senior
secured term loan facility (the "Term Loan") was introduced, subject to certain
final approvals. DOF has today been informed that all necessary credit approvals
are in place to amend the amortisation profile of the Term Loan. Further
reference is made to the stock exchange notice published by DOF on 18 March 2025
for the original conditions of the Term Loan. Under the amendment, the scheduled
amortisation profile of the Term Loan is reduced by 40% going forwards,
resulting in a reduction in scheduled annual amortisation instalments on the
Term Loan from USD 144 million to USD 86 million. The amendment includes certain
conditions, including that the leverage ratio measured by NIBD/NTM EBITDA stays
below 2.0x.

As of 31 December 2025, the outstanding balance on the Term Loan was USD 903
million.

Martin Lundberg, CFO DOF Group ASA, commented: "We appreciate the support shown
from our lenders in getting this amendment in place. Reducing the annual
amortisation profile increases flexibility and the cash flow available for
shareholder returns while maintaining a solid balance sheet and sustainable
leverage within our target range of 1.5 - 2.0x."

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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