DOF ASA

DOF ASA: Agreement between financial creditors and the bankruptcy estate of DOF ASA

Reference is made to DOF ASA's (the "Company" or "DOF ASA", and together with

its subsidiaries the "Group") announcements earlier today and at 21:00

yesterday.

The administrator of the bankruptcy estate and the financial creditors of the

Group have now entered into the agreement facilitating that the other companies

in the Group than DOF ASA will remain unaffected by the bankruptcy in DOF ASA.

For a further description of the agreement, reference is made to the two

announcements referred to above.

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 considered to be inside information pursuant to the EU

Market Abuse Regulation, and is subject to the disclosure requirements pursuant

to Section 5-12 of the Norwegian Securities Trading Act. The stock exchange

announcement was published by Hilde Drønen, CFO, DOF ASA.

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.

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