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As part of DOF Group ASA’s (the “Company”) long-term share option scheme for senior executives described in the Company’s guidelines for salary and other renumeration to leading personnel, approved at the annual general meeting held on 20 May 2025, the Company’s board of directors has resolved to grant a total of 1,076,250 share options to selected senior executives, including primary insiders.

The options vest in tranches with 1/3 of the options vesting on 20 August 2026, 1/3 on 20 August 2027, and 1/3 on 20 August 2028. All options expire on 20 August 2030 and any options not exercised by the expiry date will lapse without compensation. Each option gives the right to purchase one share in DOF Group ASA.

The strike price for the options has been set to NOK 95.90553 per share. The strike price is equal to the subscription price in the USD 100 million private placement in July 2024 of NOK 99.0 per share, adjusted for the dividend of NOK 3.09447 per share paid in June 2025.

The following primary insiders have been granted options:

Mons S. Aase, CEO, has been granted 210,000 share options. Following the grant, he holds 210,000 options and 716,026 shares in the Company.

Martin Lundberg, CFO, has been granted 123,750 share options. Following the grant, he holds 123,750 options and 135,000 shares in the Company.

Marianne Møgster, EVP Marine and Asset Operations, has been granted 123,750 share options. Following the grant, she holds 123,750 options and 168,084 shares in the Company.

Toril Træen, EVP People and Organisation, has been granted 123,750 share options. Following the grant, she holds 123,750 options and 26,085 shares in the Company.

For further information, please refer to the attached document.

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.

Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64

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DOF Group ASA – Grant of share options to primary insiders

DOF Group ASA – Invitation to Capital Markets Day, 9 September 2025

Financial calendar

DOF Group ASA's (“DOF” or the “Group”) revenue for 2nd quarter (management reporting) totals USD 507 million (USD 361 million) and EBITDA totals USD 214 million (USD 122 million). The operating profit (EBIT) is USD 150 million (USD 111 million). Net financial gain amount to USD 10 million (USD -91 million) including unrealised currency gain of USD 37 million (loss USD -62 million). The result after taxes is USD 136 million (USD 6 million). The Group’s net interest-bearing debt is USD 1,368 million (USD 1,286 million). The equity is USD 1,942 million (USD 1,045 million) giving an equity ratio of 46% (35%).

Key Highlights in 2nd quarter
- The Group delivered EBITDA of USD 214 million (USD 122 million) including USD 5 million insurance settlement
- Utilisation of 88% (89%)
- The NIBD/LTM EBITDA is 2.1x
- Quarterly dividend payment in September 2025 of USD 0.3 per share
-Firm backlog by end June is USD 3.7 billion (USD 2.6 billion)
Note: all numbers commented above are based on management reporting

Statement from the CEO
The second quarter of 2025 was a quarter of strong operational and financial performance for DOF Group ASA, capitalising on the momentum that we have been building.

I am pleased that we are now starting to see the earnings potential of the DOF Denmark fleet materialise. After a period of transits and mobilisations following closing of the acquisition in November 2024, the DOF Denmark fleet demonstrated increased utilisation at 82% and EBITDA at USD 45 million for Q2. Beyond that, I am also very happy to see the strong performance of the ‘legacy’ DOF fleet, delivering EBITDA of USD 169 million compared to USD 122 million in Q2 2024.

The quarter contained significant additions to the backlog driven by new long-term contract awards in Brazil. Further contract announcements have followed in the start of Q3, and the total backlog including additions after the balance date for Q2 now exceeds USD 4 billion. The backlog provides good earnings visibility for the years to come, with several vessels having secured work through this decade at attractive terms.

We commenced our quarterly dividend payments in June with USD 0.3 per share, and the next one is coming up in September. Based on the Group’s solid earnings, outlook and financial position, we are committed to continue to deliver attractive cash returns to our shareholders.

The outlook for the rest of 2025 remains strong, and we narrow our EBITDA guidance range to USD 740 – 770 million.

Please see enclosed 2nd quarter Financial Report 2025 and presentation.

‍A webcast, followed by a Q&A session, will be available on Wednesday, 20 August at 14:00 CEST on www.dof.com/webcast.

Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64

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Financial Reports

DOF Group ASA - Financial Report for 2nd quarter 2025

DOF Group ASA – Key information relating to cash dividend

DOF Subsea is pleased to inform that Petrobras has awarded the pipelay support vessels (PLSVs) Skandi Vitória and Skandi Niteroi a 3 years firm plus option contract for each vessel, via JV partner TechnipFMC and via Norskan Offshore Ltda (a fully owned DOF ASA Company) respectively. Both vessels are Brazilian-built and flagged and owned by DOFCON Navegação Ltda., a joint venture between DOF Subsea (50%) and TechnipFMC (50%). Operations will start at latest in February 2022. For further information, please contact: Mons S. Aase, CEO, Tel: +47 91 66 10 12 Hilde Drønen, CFO, Tel: +47 91 66 10 09 About DOF ASA With a multi-national workforce of about 3,150 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. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With our proprietary technologies and comprehensive solutions, we are transforming our clients' project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions. Organized in two business segments - Subsea and Surface Technologies - we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCIT, iFEEDT and iCompleteT), technology leadership and digital innovation.Each of our approximately 20,000 employees is driven by a commitment to our clients' success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com (https://eur01.safelinks.protection.outlook.com/?url=https % 3A%2F%2Fcts.businesswire.com%2Fct%2FCT%3Fid%3Dsmartlink%26url%3Dhttp%253A%252F%2 5 2Fwww.technipfmc.com%252F%26esheet%3D52475463%26newsitemid%3D20210811005610%26la n %3Den -US%26anchor%3Dwww.TechnipFMC.com%26index%3D1%26md5%3D6a7f08691d0ac5bf6333d989d0 f 8694b&data=04%7C01%7Cmarianne.mogster%40dofsubsea.com%7Cd5408e149f5d42c1953b08d9 6 663d874%7Cd5e85ffcd9d84aeda3d78c39e1b52167%7C0%7C0%7C637653402305874987%7CUnknow n %7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3 D %7C1000&sdata=ojgzZ3og8Lwk6gSopV8UpsX7eW%2BEqNuTL9xKCf2Gxn0%3D&reserved=0) and follow us on Twitter @TechnipFMC.

DOF Subsea announces the awarded of contracts for Skandi Vitoria and Skandi Niteroi with Petrobras

August 24, 2021

DOF Subsea is pleased to announce multiple contract awards in the Asia Pacific region providing significant utilisation for resources and vessels in Q3 and Q4 2021 and securing solid backlog into the first half of 2022. Onshore works are underway for several offshore campaigns that will utilise the CSV Skandi Hercules and the onshore and offshore teams from Q3 2021 into Q1 2022. The first campaign will support maintenance activities at an offshore facility in the Timor Sea for a short duration. Following this, the vessel and team will be deployed on several construction and pre-commissioning support campaigns off the Northern Australian coast. Onshore works are also underway for several offshore campaigns that will utilise the DSV Skandi Singapore in saturation diving mode in the region during 2022. A further key contract award will utilise high specification vessel and related subsea services to undertake a significant pre-commissioning and commissioning support campaign off the Northern Australian coast. This campaign is expected to commence in Q1 2022 with onshore preparation activities underway. Collectively, these contract awards secure in excess of 8 months vessel utilisation and include the provision of project management, engineering and all associated fabrication (subcontracted), subsea and marine services. Mons S. Aase, CEO, DOF Subsea said, "I am very pleased to announce these contract awards in the APAC region that build on our reputation as a trusted provider for integrated subsea operations across multiple disciplines. We look forward to working with our clients to deliver safe and efficient projects." For further information, please contact: Mons S. Aase, CEO, Tel: +47 91 66 10 12 Hilde Drønen, CFO, Tel: +47 91 66 10 09 With a multi-national workforce of about 3,150 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.

DOF Subsea secures further contract awards in APAC region

August 23, 2021

Contract Extension in Atlantic Region

August 20, 2021

Invitation to presentation of Q2 2021 results

August 16, 2021

Contract award for the joint venture between DOF Subsea and Aker Solutions

August 16, 2021

New contracts in Brazil

July 16, 2021

Reference is made to previous stock exchange announcements regarding the subordinated convertible bond loan issued by DOF ASA ("DOF" or the "Company") on 5 August 2016 (the "Subordinated Convertible Bond"). The Subordinated Convertible Bond matured on 6 July 2021. In accordance with the terms and conditions of the Subordinated Convertible Bond, the outstanding amount of NOK 74,933,885 have therefore been converted to new shares in the Company. As a result, the share capital of the Company has today, 7 July 2021, been increased with NOK 7,493,388 by issuance of 7,493,388 new shares, each with a nominal value of NOK 1, at the conversion price of NOK 10.00 per share. Following the share capital increase, the Company's share capital is NOK 316,456,167, divided into 316,456,167 shares, each with a nominal value of NOK 1. The new shares will be registered on the respective bondholders' VPS accounts and be tradable on the Oslo Stock Exchange from and including 8 July 2021. Following the conversion, there is no outstanding amount under the Subordinated Convertible Bond. 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 3,150 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.

DOF ASA - New share capital

July 7, 2021

Reference is made to previous announcements regarding the extension of standstill arrangements with the DOF group's secured lenders expiring 30 June 2021 and extension of standstill arrangements with bondholders in DOF Subsea AS' bond issues also expiring 30 June 2021. DOF ASA and DOF Subsea AS are pleased to announce that each of the companies have agreed to extend the principal and interest suspension agreements with, or received extensions of similar concessions from, secured lenders representing in total 91% of the secured debt of DOF ASA and its subsidiaries (other than the DOF Subsea AS group) and in total 88% of the secured debt of companies within the DOF Subsea AS group excluding DOF Subsea Brasil Servicos Ltda. until 31 August 2021. Norskan Offshore Ltda. and DOF Subsea Brasil Servicos Ltda. have applied for an extension of their standstill arrangements with BNDES, but have not yet received an approval. Reference is further made to the previous announcement on 16 June 2021 regarding summons to bondholders' meetings in DOFSUB07 (ISIN NO0010971005), DOFSUB08 (ISIN NO0010788177) and DOFSUB09 (ISIN NO0010836810) in which DOF Subsea AS requested an extension of the standstill period for the three bonds initially until 31 August 2021 and with the possibility to extend to 30 September 2021 with the approval of an ad-hoc committee of bondholders. DOF Subsea AS is pleased to announce that the bondholders' meetings were held today and the proposed resolution received 99.11%, 93.40% and 100.00% of the votes in DOFSUB07, DOFSUB08, and DOFSUB09, respectively. Approval of the proposal set out in the summons required 2/3 majority in all three bonds, and the proposal was consequently approved. Please see the attached minutes from the bondholders' meetings. The extensions of the standstill periods will facilitate the DOF group's continued dialogue with its secured lenders and the bondholders under the DOF group's bonds regarding a long-term financial restructuring of the DOF group. 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 3,500 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 35 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.

DOF ASA AND DOF SUBSEA AS: EXTENSION OF STANDSTILL AGREEMENTS WITH SECURED LENDERS AND RESULT FROM BONDHOLDERS' MEETINGS

June 30, 2021

Reference is made to the resolutions adopted in the bondholders' meetings in DOF Subsea AS' three 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) on 1 February 2021, whereby the bondholders on certain conditions approved to extend their waiver from, and suspension of, all payment obligations under each of the bond loans until 31 March 2021, with a possibility to further extend the standstill arrangement currently in place to 30 June 2021 with the approval of the ad-hoc committee of bondholders. Reference is further made to previous announcements on 28 March 2021, 30 April 2021 and 31 May 2021, respectively, regarding the ad-hoc committee's approval of further extensions of the standstill arrangement with the bondholders described above, ultimately expiring on 30 June 2021. Discussions and negotiations with the DOF group's secured lenders and advisers to the bondholders, respectively, regarding an overall financial restructuring of the group are still ongoing. However, further discussions and negotiations will be required to determine whether an agreement for an overall restructuring of the DOF group can be found. DOF Subsea AS has therefore requested Nordic Trustee AS to summon bondholders' meetings in the three bond loans to consider the extension of the standstill period initially until 31 August 2021 and with a possibility to extend to 30 September 2021 with the approval of an ad-hoc committee of bondholders. The proposal is further described in the attached summons to the bondholders in the three bond loans. A request has also been made to the DOF group's secured lenders to extend the suspension of payments of principal and interest that have been granted by a majority of its secured lenders. 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 3,150 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.