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DOF Group ASA – Redelivery of borrowed shares to primary insider and close associates of primary insiders

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, AUSTRALIA, NEW ZEALAND, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES.

Austevoll, Norway, 6 July 2023: Reference is made to the stock exchange announcement made by DOF Group ASA ("DOF" or the "Company", ticker symbol "DOFG") on 6 July 2023 whereby the Company announced that the increase in the Company's share capital in connection with exercise of greenshoe option had been registered.

DNB Markets, a part of DNB Bank ASA, has today redelivered a total of 1,830,595 ordinary shares to Moco Holding AS, being a close associate of primary insider Mons Svendal Aase (chief executive officer), Energy Investors AS, being a close associate of primary insider Svein Harald Øygard (chairman of the board of directors), Harald Thorstein being a primary insider, Djupedalen AS, being a close associate of primary insider Hilde Drønen (chief financial officer), and ML Kapital AS, being a close associate of primary insider Martin Lundberg (EVP responsible for Finance and Investor Relations), borrowed for the purposes of facilitating delivery in respect of the over-allotments made in connection with the Company's initial public offering of shares.

The forms of notification and public disclosure for such redelivery of borrowed shares are attached.
>>> Download: DOF Group ASA Notification Transactions Primary Insiders Close Associates 06-jul-2023.pdf

This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Act.

Advisors

ABG Sundal Collier ASA, Carnegie AS, DNB Markets, a part of DNB Bank ASA, and

Pareto Securities AS are acting as Joint Global Coordinators and Joint

Bookrunners in the IPO (the "Managers").

Lazard Ltd is acting as financial adviser to the Company (the "Financial Advisor").

Advokatfirmaet Thommessen AS is acting as legal counsel to the Company.

Advokatfirmaet Wiersholm AS is acting as legal counsel to the Managers.

For further information, please contact:

Mons Aase, CEO DOF Group ASA
Phone: +47 91 66 10 12
E-mail: Mons.Aase@dof.com

Svein Harald Øygard, Chairperson DOF Group ASA
Phone: +47 90 02 40 09
E-mail: sveinharaldoygard@gmail.com

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