DOF Subsea AS - successful placement of new unsecured bond issue

1/10/2013 2:50 AM EST

DOF Subsea AS, a subsidiary of DOF ASA, has successfully completed a new
unsecured bond issue of NOK 1.3bn with maturity in May 2018. An
application will be made for the bonds to be listed on the Oslo Stock
Exchange.

Net proceeds from the new bond issue will be used to refinance existing
bonds and for general corporate purposes.

Arctic Securities, Nordea Markets, Pareto Securities and Swedbank First
Securities acted as joint lead arrangers in connection with the
placement of the new bond issue.

For further information, please contact:

Mons S. Aase, CEO

Tel: +47 9166 1012
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 1997.