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DOF Group ASA - Invitation to presentation of Q1 2025 results

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DOF Subsea

DOF Subsea contract awards in Brazil

June 28, 2018

DOF Subsea

TechnipFMC and DOF Subsea (DOF) announce that the Skandi Recife 500 tons underdeck carousel and two work-class ROVs allowing her to lay flexible pipes in water depths up to 2 500 meters. She was built by Vard Promar Brazilian yard where her sister ship Skandi Olinda is currently under construction with a high rate of Brazilian national content. Under the TechnipFMC/DOF joint venture agreement TechnipFMC will manage flexible pipelay and DOF will be responsible for marine operations. DOF Subsea CEO Mons S. Aase said: ""Taking delivery of Skandi Recife and commencing the contract with Petrobras is an important milestone in our partnership with TechnipFMC. We are proud of this significant addition to our Brazilian fleet and look forward to seeing the vessel in operation in the years to come."" Hallvard Hasselknippe President of Subsea activities at TechnipFMC commented: ""We are very proud of this significant addition to our fleet in Brazil and to our partnership with DOF. The delivery of Skandi Recife and the commencement of a new contract with Petrobras reinforce our commitment to the development of the Brazilian market and our extensive ultra-deepwater pipelaying experience."" For further information please contact: Mons S. Aase CEO DOF Subsea - Tel: +47 91 66 10 12 Marianne Møgster SVP Finance DOF Subsea - Tel: +47 99 30 69 16 About DOF Subsea: The DOF Subsea Group is a specialist subsea service business that provides subsea construction subsea engineering inspection repair and maintenance and survey services which involve complex and challenging engineering in an international environment. DOF Subsea owns a large fleet of modern subsea construction intervention and survey vessels that enable it to offer differentiated positions with its clients and work in long term relationships which enhance service delivery and reduce the overall risk. The company's core business is project management engineering vessel operations survey remote intervention and diving operations primarily for the Oil and Gas Marine Telecommunications and Renewables markets. www.dofsubsea.com"

DOF Subsea

TechnipFMC and DOF Subsea announce the delivery of Skandi Recife and commencement of contract with Petrobras

June 14, 2018

DOF Subsea

DOF Subsea awarded FPSO hook-up contract in the Atlantic region

June 7, 2018

The DOF Group is committed to ensuring that its activities shall have minimal impact upon the environment.

Responsibility & Application:

All DOF Group employees and subcontractors have an individual responsibility to ensure that they and their colleagues cooperate with the Group to achieve its environmental objectives. This Policy applies to all DOF business units and operations.

All individuals have a responsibility within the DOF Group towards the environment as outlined in the DOF Group policy. All personnel must complete the Environmental Awareness E-Learning module to gain a greater understanding of individual roles and responsibilities.

DOF Group’s Environmental Management System

The Environmental Management System (EMS) takes into account industry bodies, guidelines, codes of practice and best practice techniques at local, regional, national and international levels.

Project / Activity Environmental Management Plan

In certain cases, it may be necessary for activity-specific or project- specific environmental management plans to be constructed. The content will be defined by specific factors such as client requirements, project work scope, ecological/social factors and local legislative / statutory requirements.

Environmental Principles

There are a number of principles used by DOF Group to help frame our approach and commitment to the management of the environment in which we work:

• Sustainable Operations

• Polluter Pays Principle

• Precautionary Principle

• Duty of Care

Environmental Hazards & Risk Management

The DOF Group has a series of systems to identify foreseeable hazards and risks for Group activities. "As Low As Reasonably Practicable" (ALARP) is the tolerated level of environmental risk. Environmental impact is included in project risk assessment where there is an obvious potential for impact to the environment.

Operations and Control Measures

DOF Group utilises a number of control measures including Continuous Review, Procedural / Organisational Barriers, and Technical Barriers.

Global Environmental Impacts

The following criteria are used to create a Environmental Impact report:

• Water pollution

• Air Pollution

• Biodiversity

• Contaminated Land

DOF & the Carbon Disclosure Project

Carbon Disclosure Project scores DOF Group a “A-” for 2020 reporting

Defining and measuring environmental sustainability risks associated with business operations is an important activity for the DOF Group. The 2020 result is a clear statement of the Company’s commitment and the DOF Group will continue to develop the reporting routines, accuracy in reporting and target setting to improve further in the coming years.

Carbon Disclosure Project (CDP) is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information.

DOF ASA annually reports the total CO2 emitted by the company, and also our mitigating measures and actions.

Visit the CDP website: www.cdproject.net

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Other

Environmental awareness

January 1, 2013

Reference is made to the announcement made by DOF ASA ("DOF") and its subsidiary DOF Subsea AS on 22 June 2022 regarding the execution of an agreement (the "Restructuring Agreement") with a substantial group of creditors and certain other stakeholders on a comprehensive financial restructuring (the "Restructuring") and the announcement on 13 October 2022 regarding the update on the Restructuring process. The Extraordinary General Meeting relating to the Restructuring will be held on Friday 11 November 2022 at 12:00 hours as an electronic meeting. Shareholders who wish to participate and vote at the Extraordinary General Meeting must be registered with a user profile in the meeting portal Orgbrain (www.orgbrain.no) or submit a proxy to the Company by 12:00 hrs CET on 7 November 2022. Information about participation and registration is included in the notice and its appendices and is attached to this announcement and also available on the Company's website www.dof.com. Further information about the electronic participation will be published on the Company's website www.dof.com and distributed to the shareholders who fill in and return the registration form. A paper version of the notice will be sent by post to those shareholders who have reserved themselves against electronic communication on the VPS Investor Services. In addition, DOF is pleased to announce that the senior creditors that are parties to the Restructuring Agreement have agreed to extend the Long Stop Date in the Restructuring Agreement to 30 November 2022, and that the ad-hoc group of bondholders in DOF Subsea AS' bond loans (FRN DOF Subsea AS Senior Unsecured Bond Issue 2013/2020, DOF Subsea AS 9.50% Senior Unsecured Bond Issue 2017/2022 and FRN DOF Subsea AS Senior Unsecured Bond Issue 2018/2023) has extended the standstill arrangements with the bondholders to 30 November 2022 in accordance with the authority granted in the bondholders' meetings held on 30 September 2022. The sole purpose of such extensions is to enable that the agreed Restructuring can be implemented. For further information, please contact: CEO Mons Aase, tel. +47 91 66 10 12 CFO Hilde Drønen, tel. +47 91 66 10 09 This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. With a multi-national workforce of about 3,900 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 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, 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 Stock Exchange since 1997.

Historical OSE Notices

DOF ASA: NOTICE OF EXTRAORDINARY GENERAL MEETING AND NEW LONG STOP DATE FOR THE RESTRUCTURING AGREEMENT

October 21, 2022

DOF Subsea is pleased to announce the award of a 3-year contract for two vessels with Esso Exploration & Production Guyana Limited. Under the agreement, DOF Subsea will perform IMR, well intervention support, and light subsea construction activities to support the growing subsea infrastructures in the Stabroek Block offshore Guyana. Two Multipurpose Support Construction Vessels with 250-ton AHC crane and 2 work class ROV systems will be deployed in Guyana for 3-year terms, plus 2 years options. The first vessel will mobilize in late October while the second vessel is planned to commence in January 2023. Mons S Aase, CEO, DOF Subsea said, "I am extremely happy with this contract award from ExxonMobil Guyana, and entering the important and flourishing Guyanese market. The award further underlines DOF's leading position in the IMR segment." The estimated firm backlog for the group is approximately NOK 2.7 billion. 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 3,900 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 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, 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.

Historical OSE Notices

Reference is made to the announcement made by DOF ASA ("DOF", and together with its subsidiaries, the "Group") and its subsidiary DOF Subsea AS on 22 June 2022 regarding the execution of an agreement (the "Restructuring Agreement") with a substantial group of creditors and certain other stakeholders on a comprehensive financial restructuring (the "Restructuring"). DOF is pleased to report that the Group has continued support from its financial creditors and largest shareholder and that good progress is being made to agree the necessary documents for the completion of the Restructuring. Based on the current timeline, DOF expects that the extraordinary general meeting relating to the Restructuring will be held in the week commencing 7 November 2022. In accordance with the timeline, DOF is seeking a one month extension of the Long Stop Date in the Restructuring Agreement. The parties to the Restructuring Agreement have, as set out in the announcement on 22 June 2022, engaged in good faith discussions to agree alternative steps to implement the Restructuring in the event that the extraordinary general meeting of DOF does not pass the resolutions required to implement the Restructuring. Following such discussions, the parties to the Restructuring Agreement have today entered into an addendum to the Restructuring Agreement (the "Addendum") detailing the steps that will be taken by the creditors, subject to satisfaction or waiver of certain customary conditions, to implement the Restructuring in such event. In the event that the extraordinary general meeting of DOF rejects the resolutions required to implement the Restructuring, DOF shall subject to the terms of the Addendum, procure that reconstruction proceedings are opened under the Norwegian Reconstruction Act of 7 May 2020 and propose a reconstruction with the following key elements: (i) a portion of DOF's direct financial indebtedness will be converted into equity ; and (ii) no other liabilities of DOF or the Group will be affected by the reconstruction. All other elements of the Restructuring will be implemented following completion of the reconstruction. Implementation of the reconstruction proposal will require that an additional extraordinary general meeting of DOF approves the proposal with at least 50% of the shares represented at the general meeting. If the Restructuring is implemented by way of a reconstruction, the existing shares in DOF will represent 1% of the fully diluted shares in DOF post completion, unless otherwise agreed among the Group's creditors, compared to 4% of the fully diluted shares in DOF if the Restructuring Agreement is adopted as proposed in the first extraordinary general meeting. If the reconstruction proposal cannot be implemented, either because the required majority at the second extraordinary general meeting is not obtained or for other reasons, bankruptcy proceedings will be opened in DOF. Pursuant to the Addendum, the creditors of the Group have agreed to establish a new company ("Newco") that will make an offer to acquire the entire business of the Group from the bankruptcy estate through an acquisition, directly or indirectly, of its subsidiaries against a subordination of their claims against DOF. No cash consideration will be offered. If such offer is successful, Newco will become the new parent company in the Group, and an application will be made for the listing of the shares of Newco on Oslo Børs or Euronext Expand Oslo. If the Restructuring is implemented following a bankruptcy in DOF, the existing shareholders in DOF will not retain any equity interest in the restructured group. The board of directors and management of DOF firmly believe that it is in the best interest of DOF's shareholders that the Restructuring is implemented on a consensual basis and that the shareholders will obtain the best recovery by supporting the Restructuring at the extraordinary general meeting of DOF. However, if a consensual solution is not possible, the board of directors must have regard to the interest of its creditors as the main economic stakeholders of the Group, as well as seeking to secure the continued operations of the business of the Group to the benefit of its customers, employees and other stakeholders. To this end, the board of directors is of the opinion that the implementation of the Restructuring through the alternative implementation steps agreed in the Addendum will be the best option available to DOF and the Group if the shareholders do not support the Restructuring at the extraordinary general meeting. All scenarios above, including in case of a formal bankruptcy in the parent company DOF ASA to effect the Restructuring, are structured to avoid any interruption to the ongoing operations of the Group and to avoid losses for the Group's customers, suppliers and other trade creditors. Consequently, no other creditors than the financial creditors are envisaged to be affected by such alternative implementations of the Restructuring Agreement. For further information, please contact: CEO Mons Aase, tel. +47 91 66 10 12 CFO Hilde Drønen, tel. +47 91 66 10 09 This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. With a multi-national workforce of about 3,900 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 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, 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 Stock Exchange since 1997.

Historical OSE Notices

DOF ASA: UPDATE ON RESTRUCTURING PROCESS

October 13, 2022

Det vises til børsmelding fra DOF ASA ("DOF", og sammen med datterselskapene, "Gruppen") og datterselskapet DOF Subsea AS 22. juni 2022 om inngåelse av en avtale ("Restruktureringsavtalen") med en betydelig andel kreditorer og andre interessenter om en helhetlig finansiell restrukturering ("Restruktureringen"). DOF er tilfreds med å kunne meddele at Gruppen fortsatt har støtte fra sine finansielle kreditorer og sin største aksjonær, og at det er gjort betydelige fremskritt med sluttføring av nødvendig dokumentasjon for gjennomføring av Restruktureringen. I henhold til gjeldende tidslinje forventer DOF at den ekstraordinære generalforsamlingen knyttet til Restruktureringen vil bli avholdt i uken som starter 7. november 2022. I samsvar med dette vil DOF søke om én måneds forlengelse av "Long Stop Date" i Restruktureringsavtalen. Partene i Restruktureringsavtalen har, som det fremgår av børsmelding den 22. juni 2022, fortsatt diskusjonen for å enes om alternative løsninger for å gjennomføre Restruktureringen for det tilfelle at den ekstraordinære generalforsamlingen i DOF ikke godkjenner vedtakene som kreves for å gjennomføre Restruktureringen. Som et resultat av ovennevnte diskusjoner, har partene i Restruktureringsavtalen i dag inngått en tilleggsavtale til Restruktureringsavtalen ("Tilleggsavtalen"). Partene har der blitt enige om de konkrete tiltak, som vil bli iverksatt av kreditorene for å kunne gjennomføre Restruktureringen, med forbehold om oppfyllelse eller fritak av visse standardbetingelser. For det tilfelle at den ekstraordinære generalforsamlingen i DOF stemmer ned de vedtak, som kreves for å kunne gjennomføre Restruktureringen, er DOF, i henhold til vilkårene i Tilleggsavtalen, forpliktet til å åpne rekonstruksjonsforhandlinger etter rekonstruksjonsloven av 7. mai 2020 og foreslå en rekonstruksjon med følgende nøkkelelementer: i. en del av DOFs direkte finansielle gjeld vil bli konvertert til egenkapital ; og ii. ingen andre forpliktelser for DOF eller Gruppen vil bli påvirket av rekonstruksjonen. Alle andre elementer av Restruktureringen vil bli iverksatt etter at rekonstruksjonen er gjennomført. Gjennomføringen av rekonstruksjonsforslaget vil kreve at en ny ekstraordinær generalforsamling i DOF godkjenner forslaget med minst 50 % av aksjene representert på generalforsamlingen. Dersom Restruktureringen gjennomføres ved en rekonstruksjon, vil de eksisterende aksjene i DOF representere 1 % av de fullt utvannede aksjene i DOF etter ferdigstillelse, med mindre annet blir avtalt mellom Gruppens kreditorer. Til sammenligning vil de eksisterende aksjonærene representere 4 % av de fullt utvannede aksjene i DOF dersom Restruktureringsavtalen blir vedtatt som foreslått på første ekstraordinære generalforsamling. Dersom rekonstruksjonsforslaget ikke kan gjennomføres, enten fordi nødvendig flertall på den andre ekstraordinære generalforsamlingen ikke oppnås eller av andre grunner, vil det bli åpnet konkursbehandling i DOF. I henhold til Tilleggsavtalen har kreditorene i Gruppen avtalt å etablere et nytt selskap ("Newco") som vil gi et tilbud om å overta hele Gruppens virksomhet fra konkursboet gjennom et oppkjøp, direkte eller indirekte, av datterselskapene, mot at deres krav mot DOF blir underordnet. Det vil ikke bli tilbudt kontantvederlag. Dersom et slikt tilbud aksepteres, vil Newco bli det nye morselskapet i Gruppen, og det vil bli søkt om notering av aksjene til Newco på Oslo Børs eller Euronext Expand Oslo. Dersom Restruktureringen gjennomføres etter en konkurs i DOF, vil eksisterende aksjonærer i DOF ikke motta noen egenkapitalandel i den restrukturerte gruppen. Styret og ledelsen i DOF er overbevist om at det er i aksjonærenes interesse at Restruktureringen gjennomføres på et frivillig grunnlag og at aksjonærene vil oppnå best mulig resultat ved å støtte Restruktureringen på den ekstraordinære generalforsamlingen i DOF. Dersom en frivillig løsning ikke oppnås, må styret imidlertid ta hensyn til kreditorenes interesser som Gruppens viktigste økonomiske interessenter, samt søke å sikre videre drift av Gruppens virksomhet til fordel for sine kunder, ansatte og andre interessenter. Styret er av den oppfatning at gjennomføringen av Restruktureringen gjennom de alternative gjennomføringsstegene som er avtalt i Tilleggsavtalen, vil være det beste alternativet for DOF og konsernet dersom aksjonærene ikke støtter restruktureringen på den ekstraordinære generalforsamlingen. Alle alternativene ovenfor, inkludert formell konkurs i morselskapet DOF ASA, for å kunne gjennomføre Restruktureringen, er strukturert for å unngå negative konsekvenser for den løpende driften av Gruppen og for å unngå tap for Gruppens kunder, leverandører og andre handelskreditorer. Følgelig er ingen andre kreditorer enn de finansielle kreditorene forutsatt å bli berørt av slike alternative implementeringer av Restruktureringsavtalen. For mer informasjon, vennligst kontakt: CEO Mons Aase, tel. +47 91 66 10 12 CFO Hilde Drønen, tel. +47 91 66 10 09 Denne informasjonen er informasjonspliktig etter verdipapirhandelloven § 5-12. Med en multinasjonal arbeidsstyrke på rundt 3.900 ansatte, er DOF ASA en internasjonal gruppe av selskaper som eier og driver en flåte av moderne offshore/undervannsfartøy, og ingeniørkapasitet for å betjene både offshore- og subseamarkedet. Med over 40 år i offshorebransjen har Gruppen en sterk posisjon når det gjelder erfaring, innovasjon, produktspekter, teknologi og kapasitet. DOFs kjernevirksomhet er fartøyseierskap, fartøysledelse, prosjektledelse, engineering, fartøysoperasjoner, kartlegging, fjernintervensjon og dykkeoperasjoner primært for olje- og gassektoren. Fra PSV charter til Subsea engineering, DOF tilbyr et komplett spekter av offshoretjenester av topp kvalitet for å legge til rette for en stadig voksende og krevende industri. Selskapets viktigste driftssentre og forretningsenheter er lokalisert i Norge, Storbritannia, USA, Singapore, Brasil, Argentina, Canada, Angola og Australia. DOF ASA har vært notert på Oslo Børs siden 1997.

Historical OSE Notices

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DOF Group ASA - Invitation to presentation of Q1 2025 results

DOF Group ASA - Invitation to presentation of Q1 2025 results

DOF Subsea contract awards

DOF Subsea contract awards in Brazil

DOF Subsea contract awards

TechnipFMC and DOF Subsea announce the delivery of Skandi Recife and commencement of contract with Petrobras

DOF Subsea awarded FPSO hook-up contract in the Atlantic region

The DOF Group is committed to ensuring that its activities shall have minimal impact upon the environment.

DOF Group’s Environmental Management System

Project / Activity Environmental Management Plan

Environmental Principles

Environmental Hazards & Risk Management

Operations and Control Measures

Global Environmental Impacts

DOF & the Carbon Disclosure Project

Environmental awareness

DOF ASA: NOTICE OF EXTRAORDINARY GENERAL MEETING AND NEW LONG STOP DATE FOR THE RESTRUCTURING AGREEMENT

DOF Subsea awarded MPSV Contracts in Guyana

Invitation to presentation of Q3 2022 results

OSLO BØRS - TRADING RESUMPTION

OSLO BØRS - TRADING RESUMPTION

DOF ASA: UPDATE ON RESTRUCTURING PROCESS

DOF ASA: Oppdatering på restruktureringsprosessen

OSLO BØRS - TRADING SUSPENSION

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