DOF ASA: Refinancing update

Reference is made to Refinancing Update dated 16 October 2019.

DOF Subsea has today been notified that Nordic Trustee, on behalf of a group of bondholders in the DOFSUB07 bond loan, will send out an addendum to the summons to Bondholders’ Meeting dated 8 October, 2019, and a summons a summons for another Bondholders’ meeting to be held on 6 November 2019, both documents herewith enclosed.

For further information, please contact:

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

CFO Hilde Drønen, tel. +47 91 66 10 09

With a multi-national workforce of about 3,500 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 35 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, Argentina, Canada, Angola, and Australia.

DOF ASA is listed on the Oslo Exchange since 1997.