DOF ASA 2nd QUARTER 2012

8/22/2012 12:40 PM EST

Highligths:

  · DOF has achieved "all time high" Ebitda of NOK 945 million (NOK 742
million excl. gain from sale of assets) in 2ndquarter
  · The Group has secured a high contract coverage the remaining year
and is good positioned for a expected strong subsea market going forward
  · The operational earnings are expected to be good in 3rdquarter

                         Q2 2012  Q2 2011  30.06.12  30.06.11
Revenue                    2 119    1 581     3 987     2 967
Operational costs         -1 376   -1 086    -2 637    -2 097
Gain for sale of assets      203        -       203         -
EBITDA                       945      495     1 553       869
EBIT                         684      215     1 044       321
Pre tax result before        333      -53       391      -247
unrealized currency &
derivates

Vedlagt følger finansiell rapport for DOF ASA for 2. kvartal 2012.

Contact:

CEO Mons Aase, tel. +47 91 66 10 12

CFO Hilde Drønen, tel + 47 91 66 10 09
With a multi-national workforce in excess of 4,000 personnel, DOF ASA is
an international group of companies which owns and operates a fleet of
modern offshore/subsea vessels, and engineering capacity to service both
the offshore and subsea market. With over 30 years in the offshore
business, the group has a strong position in terms of experience,
innovation, product range, technology and capacity.
DOF's core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention
and diving operations primarily for the oil and gas sector. From PSV
charter to Subsea engineering, DOF offers a full spectrum of top quality
offshore services to facilitate an ever-growing and demanding industry.
The company's main operation centers and business units are located in
Norway, the UK, the USA, Singapore, Brazil, Argentine, Egypt, Angola,
and Australia.
DOF ASA is listed on the Oslo Exchange since 19