Mandatory notification of trade by primary insiders - DOF Group ASA

Austevoll, 3 July 2024: Reference is made to the stock exchange announcements published by DOF Group ASA the “Company”) on 2 July 2024 and earlier today regarding the launch and successfully placed private placement raising gross proceeds of NOK 1,064 million (the "Private Placement") through the allocation of 10,746,364 new shares (the "Offer Shares") at a price per Offer Share of NOK 99 (the "Offer Price").

The following members of the board of directors and management have been allocated shares in the Private Placement, as set out below:

• Svein Harald Øygard (Chair) has been allocated 31,243 Offer Shares for in total NOK 3,093,057. Following the transaction Svein Harald Øygard holds 716,026 shares in the Company.
• Mons Aase (CEO) has been allocated 31,243 Offer Shares for in total NOK 3,093,057. Following the transaction Mons Aase holds 716,026 shares in the Company.

Mandatory notifications of trade are attached hereto. 

This information is subject to the disclosure requirements pursuant to article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Mons S. Aase, CEO, DOF Group ASA. Tel: +47 91 66 10 12

Hilde Drønen, CFO, DOF Group ASA. Tel: +47 91 66 10 09

About DOF Group ASA:

With a multi-national workforce of about 4,100 personnel, DOF Group 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 40 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, 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.