DOF Subsea AS contemplates a new unsecured bond issue

1/9/2013 2:55 AM EST

DOF Subsea AS, a subsidiary of DOF ASA, contemplates to issue new
unsecured bonds in the Norwegian bond market maturing in May 2018.

The contemplated bond issue will have a minimum issue amount of NOK 1
billion.

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

Arctic Securities, Nordea Markets, Pareto Securities and Swedbank First
Securities have been retained as arrangers of the contemplated bond
issue.

For further information, please contact:

Mons S. Aase, CEO

Tel: +47 9166 1012

Notes to Editors:

The DOF Subsea Group is a specialist subsea service business that
provides subsea construction, subsea engineering, inspection, repair and
maintenance and survey services which involve complex and challenging
engineering in an international environment.

DOF Subsea owns a large fleet of modern subsea construction,
intervention and survey vessels that enable it to offer differentiated
positions with its clients and work in long term relationships, which
enhance service delivery and reduce overall risk.

The company's core business is project management, engineering, vessel
operations, survey, remote intervention and diving operations primarily
for the Oil and Gas, Marine Telecommunications and Renewables markets
which involve complex and challenging engineering in an international
environment.
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.