INFORMATION TO THE BONDHOLDERS IN DOF ASA'S BOND ISSUES DOF09, DOF10 AND DOF11

Reference is made to the stock exchange notice from DOF ASA on 5 July 2016 concerning the approval by the bondholders' meeting in each of the DOF09, DOF10 and DOF11 bond issues of DOF ASA of the proposals and amendments referred to therein.

Attached is information on the record date and the completion of the contemplated conversion of bonds published by the Nordic Trustee ASA on www.stamdata.no today.

Contact person:

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

CFO Hilde Drønen, +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.