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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 announce the award of a long-term contract to provide a Multi-Purpose Supply Vessel (MPSV) to Esso Australia Pty Ltd. DOF Subsea Australia Pty Ltd, a subsidiary of DOF Subsea AS, has signed a three -year firm plus 2 x 1 year options contract to provide an MPSV to Esso Australia Pty Ltd. Preparatory support services associated with the contract are underway with delivery of the vessel to follow later in 2022. Mons S. Aase, CEO DOF ASA comments: "This is our second long term contract with Esso in Australia and a very important win for us. The award builds on the successful marine services we have delivered to Esso Australia over the last two years, our reputation as a trusted partner and is another step in our strategy to grow our fleet in the APAC region. We look forward to working with Esso Australia to deliver safe and efficient world class marine services". 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 3,800 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 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 Awarded Esso Australia Contract

February 4, 2022

Reference is made to our previous announcement on 30 November 2021 regarding the extension of standstill arrangements with the group's secured lenders expiring 31 January 2022 and extension of standstill arrangements with bondholders in DOF Subsea AS' bond issues also expiring 31 January 2022. DOF ASA and DOF Subsea AS are pleased to announce that each of the companies have agreed to further 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 DOF Rederi AS and in total 95% of the secured debt of companies within the DOF Subsea AS group (excluding DOF Subsea Brasil Servicos Ltda.) until 28 February 2022, and that DOF Subsea AS has received confirmation from the ad hoc group of bondholders that they have agreed to further extend the suspension, deferral and standstill agreement currently in place for the bond issues to 28 February 2022 in accordance with the resolutions of the bondholders' meeting held 30 September 2021. 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 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 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 AND DOF SUBSEA AS: FURTHER EXTENSION OF STANDSTILL AGREEMENTS WITH SECURED LENDERS AND BONDHOLDERS

January 31, 2022

Contract awards DOF Subsea

January 14, 2022

DOF Subsea Australia is pleased to announce it has been awarded Beach Energy's Otway Offshore Phase 5 - Transport and Installation Project. After collecting all permanent equipment from vendors and transportation to the offshore site, the campaign execution will cover installation of the subsea infrastructure for four (4) new Thylacine wells. This will include installation of subsea umbilicals, flexibles flowlines and connectors, structures and rigid spools. The contract scope includes Project Management, Engineering, Fabrication, Transportation and Installation Services and is expected to be completed in Q1 2023. The project will be executed using DOF Subsea's Construction Support Vessel Skandi Acergy. Mons Aase, CEO DOF Subsea AS, said, "This is an extremely exciting award, and we look forward to working with Beach Energy to deliver safe and efficient project." 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 3,800 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 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.

Beach Energy award DOF Subsea Otway Offshore Phase 5 Project contract

December 17, 2021

Reference is made to previous announcement on 29 October 2021 regarding the extension of standstill arrangements with the group's secured lenders expiring 30 November 2021 and extension of standstill arrangements with bondholders in DOF Subsea AS' bond issues also expiring 30 November 2021. DOF ASA and DOF Subsea AS are pleased to announce that each of the companies have agreed to further 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 DOF Rederi AS and in total 95% of the secured debt of companies within the DOF Subsea AS group (excluding DOF Subsea Brasil Servicos Ltda.) until 31 January 2022. Certain of the secured lenders' approval to extend the suspension agreements beyond 31 December 2021 remains subject to credit approval, but it is expected that such credit approvals will be forthcoming before the end of December 2021. DOF Subsea AS has also received confirmation from the ad hoc group of bondholders that they have agreed to further extend the suspension, deferral and standstill agreement currently in place for the bond issues to 31 January 2022 in accordance with the resolutions of the bondholders' meeting held 30 September 2021. 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 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 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 AND DOF SUBSEA AS: FURTHER EXTENSION OF STANDSTILL AGREEMENTS WITH SECURED LENDERS AND BONDHOLDERS

November 30, 2021

Financial calendar

November 11, 2021

The Group's revenue for 3rd quarter (management reporting) totals NOK 2,052 million (NOK 2,027 million) and EBITDA totals NOK 865 million (NOK 879 million). Including in EBITDA is gain on sale of vessels of NOK 44 million (NOK 12 million). The operating profit (EBIT) is NOK 488 million (NOK -46 million), of which depreciation and impairment totals NOK 377 million (NOK 925 million). Net profit is NOK -128 million (NOK - 406 million). Key information: Operations: . Average utilisation of the fleet 83% (71%) . High utilisation in all segments . Good performance from the subsea regions . The total fleet includes 59 vessels (eight on management or hired in) o 15 AHTS, 14 PSV and 30 Subsea vessels o Two vessels agreed sold with delivery in 2022 o One vessel in lay-up Finance: . The dialogue with the lenders concerning a robust long-term financial solution has had progress during 3rd quarter. The discussions continue, and there are important issues pending, hence the outcome of the restructuring process is still uncertain. . The current standstill agreements with the banks and bondholders mature on 30th November. . DOF Subsea has during the quarter repaid a loan facility at a substantial discount. Backlog . Order intake NOK 2.8 bn in 3rd quarter . Total backlog NOK 15 bn Please see enclosed 3rd quarter Financial Report 2021. Webcast is available Wednesday, 10th of November at 08:30 on www.dof.com. 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 3,800 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 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.