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Det vises til børsmeldingen fra DOF ASA ("DOF" og sammen med sine datterselskaper er det eneste frivillige alternativet til et krav fra kreditorene om full tilbakebetaling av lånene; og (iii) dersom aksjonærene ikke fatter de nødvendige vedtakene på den ekstraordinære generalforsamlingen vil den foreslåtte Restruktureringen bli gjennomført som en tvungen prosess i henhold til den norske rekonstruksjonsloven eller gjennom en konkurs i DOF som vil gi aksjonærene mindre eller ingen verdi sammenlignet med den foreslåtte frivillige Restruktureringen. Som understreket av styreleder i vedlagte brev til aksjonærene i DOF bør alle aksjonærer før de bestemmer seg for hvordan de skal stemme særlig vurdere følgende elementer nøye: (i) Aksjonærene i DOF vil motta den høyeste verdien (og den største andelen av en eventuell fremtidig verdistigning) dersom Restruktureringen blir godkjent i den ekstraordinære generalforsamlingen; (ii) den foreslåtte frivillige Restruktureringen gir aksjonærene 4 % av aksjekapitalen selv om egenkapitalen i DOF i realiteten er tapt i den rådende situasjonen. Dette er en gunstig løsning gitt Gruppens nåværende stilling og det er en gunstig løsning sammenlignet med lignende restruktureringssaker; (iii) dersom aksjonærene ikke godkjenner Restruktureringen på den ekstraordinære generalforsamlingen vil Restruktureringen bli gjennomført som en tvungen prosess i henhold til rekonstruksjonsloven og aksjonærene vil i så fall bare være sikret 1 % av aksjekapitalen etter Restruktureringen; (iv) i tilfelle Restruktureringen ikke kan gjennomføres i henhold til rekonstruksjonsloven vil Restruktureringen bli gjennomført gjennom en konkurs i DOF og aksjonærene i DOF vil sitte igjen uten noe verdi; og (v) minoritetsaksjonærgruppens argumenter knyttet til underliggende verdier i konsernet og videre at konkurs ikke vil bli erklært er dessverre basert på grunnleggende misforståelser da konkursalternativet vil bli gjennomført om nødvendig og de eksisterende aksjonærene da vil sitte igjen uten noe verdi. For det tilfellet at fullmakt allerede er inngitt presiseres det at fullmakten helt frem til generalforsamlingen (kl. 12.00 den 11. november 2022) vil kunne trekkes tilbake og endres til en instruks om å stemme for forslagene til vedtak på generalforsamlingen. DOF har også merket seg at enkelte minoritetsaksjonærer har gitt uttrykk for at de ikke har mottatt nødvendig informasjon fra DOF. Det skal i denne forbindelse bemerkes at representanter for DOF har kontaktet et stort antall aksjonærer for å forklare informasjonen som er gitt til aksjonærene gjennom børsmeldinger og innkallingen til den ekstraordinære generalforsamlingen. Enhver aksjonær som fortsatt har behov for ytterligere informasjon er imidlertid velkommen til å kontakte: CFO Hilde Drønen tlf. +47 916 61 009 CFO (Acting) Martin Lundberg tlf. +47 916 21 057 Group General Counsel Petter O. Pharo tlf. +47 982 06 477 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."

DOF joins the Maritime Anti-Corruption Network (MACN), which is a global business network working towards the vision of a maritime industry free of corruption that enables fair trade to the benefit of society at large. MACN is comprised of vessel owning companies within the main sectors of the maritime industry and other companies in the maritime industry. BSR (Business for Social Responsibility) is the secretariat of MACN. MACN and its members promote good corporate practice in the maritime industry for tackling bribes, facilitation payments and other forms of corruption. MACN collaborates with key stakeholders, including governments and international organizations, such as the United Nations Development Programme (UNDP), to identify and mitigate the root causes of corruption in the maritime industry.

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The Group’s operating revenue for the 3rd quarter (management reporting) was NOK 2 CEO DOF Subsea AS - Tel: +47 91 66 10 12 Martin Lundberg CFO DOF Subsea AS - Tel: +47 91 62 10 57 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"

The DOF Group is pleased to announce extension of a contract in Brazil and new contracts in West-Africa and in the North Sea. Petrobras has awarded an extension of the Skandi Amazonas contract with Norskan Offshore Ltda until March 2023. Skandi Amazonas is a 21.000 class Brazilian flagged AHTS vessel. DOF Subsea has have been awarded a contract to support a FPU for a major operator in West-Africa. The Group will utilise the vessels Skandi Constructor please contact: Mons S. Aase CEO DOF Subsea. Tel: +47 91 66 10 12 Marianne Møgster SVP Finance DOF Subsea. Tel: 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

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 with a possibility to further extend the standstill arrangement currently in place to 30 November 2022 with the approval of the ad-hoc group of bondholders (the ""Ad-Hoc Group""). Reference is further made to the announcements 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 announcements made on 21 October 2022 regarding the Extraordinary General Meeting to be held on 11 November 2022 relating to the Restructuring and the extension of the standstill arrangements to 30 November 2022 in accordance with the authority granted to the Ad-Hoc Group. The completion of the Restructuring is dependent on the bondholders approval of the Restructuring pursuant to the terms of the Restructuring Agreement. Further in the event the Extraordinary General Meeting on 11 November 2022 does not approve resolutions required to implement the Restructuring completion of the Restructuring is dependent on the bondholders approval to implement the Restructuring through certain alternative implementation steps. DOF Subsea AS has therefore requested Nordic Trustee AS to summon bondholders' meetings in the three bond loans to consider the approval of the Restructuring by a consensual implementation or through alternative implementation steps. The proposal is further described in the attached summons to the bondholders in the three bond loans. CEO Mons Aase tel. +47 91 66 10 12 CFO Martin Lundberg tel. +47 91 62 10 57 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. 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 Offshore Energy Marine Telecommunications and Renewables markets. www.dofsubsea.com"

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 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: Mons S. Aase CEO DOF Subsea. Tel: +47 91 66 10 12 Marianne Møgster SVP Finance DOF Subsea. Tel: 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

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 tel. +47 91 66 10 12 CFO Martin Lundberg tel. +47 91 62 10 57 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. 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 Offshore Energy Marine Telecommunications and Renewables markets. www.dofsubsea.com"

Det vises til børsmelding fra DOF ASA ("DOF" 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 Martin Lundberg tel. +47 91 62 10 57 Denne informasjonen er informasjonspliktig etter verdipapirhandelloven § 5-12."

Reference is made to the announcement made by DOF ASA ("DOF" 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 Martin Lundberg tel. +47 91 62 10 57 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. 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"

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Reference is made to the announcements made by DOF ASA (the "Company") and DOF Subsea AS on 22 June 2022 and 21 October 2022 regarding the execution of an agreement (the "Restructuring Agreement") with a substantial group of the DOF group's financial creditors and certain other stakeholders on a comprehensive financial restructuring (the "Restructuring"), and the announcements on 1 and 2 February 2023 regarding the bankruptcy proceedings in the Company opened by Hordaland district court, and the agreement between financial creditors and the bankruptcy estate, facilitating that the Company's subsidiaries will remain unaffected by the bankruptcy.

The Restructuring was today completed in accordance with the Restructuring Agreement and the financial creditors of the DOF group have thereby acquired 100% of the ownership in New DOF ASA (renamed from DOF Services AS and in the process of being converted to a public limited liability company), which is the new holding company in the DOF group. Following the completion of the Restructuring, the Company has no longer any ownership to the companies within the DOF group.

For further information, please contact:

CEO Mons Aase, tel. +47 91 66 10 12
CFO DOF ASA 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 3,800 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 Exchange since 1997.