New potential bond issue

Wed, Aug 20, 2008 09:30 CET

Dof Subsea ASA (the Company) is planning to issue a new senior unsecured bond with expected gross proceeds of maximum NOK 300 million. The net proceeds from the new bond issue will be used for refinancing the existing GEO01 bond (NOK 300 million) which matures in September 2008. Settlement of the new bond is expected to be medio September 2008, and the new bond will mature in September 2009.

Dof Subsea ASA has given Pareto Securities AS a mandate as arranger of the new bond issue.

Oslo, 20 August 2008