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Reference is made to the previous announcement on 24 October 2022 regarding summons to bondholders' meetings in DOF Subsea AS' three bond loans (FRN DOF Subsea AS Senior Unsecured Bond Issue 2013/2020 (DOFSUB07 or in the event that the Extraordinary General Meeting in DOF ASA on 11 November 2022 does not approve a consensual restructuring to complete the restructuring through alternative implementation steps. DOF Subsea AS is pleased to announce that the bondholders' meetings were held today and the proposed resolution received 99.78% 98.43% and 96.70% 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. 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

Reference is made to the announcement made by DOF ASA ("DOF" and together with its subsidiaries the "Group") on 22 June 2022 regarding the execution of an agreement with a substantial group of creditors and certain other stakeholders on a comprehensive financial restructuring (the "Restructuring") the Restructuring will be implemented as a forced process pursuant to the Norwegian Reconstruction Act in which event the shareholders will only be secured 1 % of the share capital following the Restructuring; (iv) in the event that the Restructuring cannot be implemented pursuant to the Reconstruction Act the Restructuring will be implemented through a bankruptcy in DOF and the shareholders of DOF will be left with zero value; and (v) the arguments presented by the group of minority shareholders relating to underlying values in the Group and that a bankruptcy will not be declared are unfortunately based on fundamental misunderstandings as the bankruptcy alternative will be adopted if required and the existing shareholders then will be left with zero value. It is also emphasised that an already submitted power of attorney until the EGM (at 12:00 on 11 November 2022) can be withdrawn and changed to an instruction to vote in favour of the proposed resolutions at the EGM. DOF has also noted that certain minority shareholders have expressed that they have not received required information from DOF. It should in this respect be noted that representatives of DOF have reached out to a large number of shareholders in order to explain the information provided to the shareholders through stock exchange announcements and the notice of the EGM. However any shareholder who still require additional information are welcome to contact: CFO Hilde Drønen tel. +47 916 61 009 CFO (Acting) Martin Lundberg tel. +47 916 21 057 Group General Counsel Petter O. Pharo tel. +47 982 06 477 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."

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"