BOARD APPROVAL OF FINAL ACCOUNTS 2011

In its meeting on 19 April 2012, the Board of Directors of DOF ASA approved the final report and accounts for 2011. The result is reduced with approx NOK 42 million compared to preliminary accounts published 27 February 2012. Changes in result is mainly due to increased tax costs.

The annual ordinary shareholders meeting is scheduled for Thursday 24 May 2012 at Alfabygget, Storebø in accordance with the financial calendar. Notice of general meeting, annual report and agenda with attachments will be published through Oslo Børs and www.dof.no. The Notice will also be distributed by post.

Contact:

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 1997.