DOF ASA

Regulatory Filings • May 30, 2022

NEW CONTRACS IN BRAZIL

NEW CONTRACS IN BRAZIL

DOF is pleased to announce that Petrobras has awarded service contracts to

Norskan Offshore Ltda. and DOF Subsea Serviços Brasil Ltda. for the Skandi

Iguazu (AHTS 21 000 class) including ROV. The contracts will commence in 4th

quarter 2022 and has a duration of 3 years + 2 years options. Total contract

value for the firm period is approximately USD 70 million.

Mons S. Aase, CEO said: "I am very pleased for these awards securing utilisation

for our personnel and our assets and adding important backlog to the Group. It

further strengthens our leading position in Brazil and confirms our long

relationship with Petrobras."

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.