Golar LNG Ltd.

Capital/Financing Update • Jul 1, 2025

Golar LNG Limited Closes Offering of $575 Million of 2.75% Convertible Senior Notes Due 2030 and Repurchase of 2.5 Million Common Shares

Golar LNG Limited Closes Offering of $575 Million of 2.75% Convertible Senior Notes Due 2030 and Repurchase of 2.5 Million Common Shares

Hamilton, Bermuda, July 1, 2025 -- Golar LNG Limited (the "Company") (NASDAQ:

GLNG) announced today the closing of its previously announced offering of 2.75%

Convertible Senior Notes due 2030 (the "Notes"), in a private placement to

qualified institutional buyers pursuant to Rule 144A under the Securities Act of

1933, as amended (the "Securities Act"). The Company sold $575 million aggregate

principal amount of the Notes, including $75 million aggregate principal amount

of the Notes sold pursuant to the initial purchasers' exercise in full of their

30-day option to purchase additional Notes in connection with the offering.

The Notes are senior, unsecured obligations of the Company, bear interest at a

rate of 2.75% per annum, are payable semi-annually in arrears on June 15 and

December 15 of each year, beginning on December 15, 2025, mature on December

15, 2030, and are convertible into the Company's common shares, cash, or a

combination of shares and cash, at the Company's election. The conversion rate

for the Notes initially equals 17.3834 common shares per $1,000 principal amount

of the Notes, which is equivalent to an initial conversion price of

approximately $57.53 per common share, representing an initial conversion

premium of approximately 40% over the closing price of the Company's common

shares of $41.09 on June 25, 2025, and is subject to adjustment upon the

occurrence of certain events.

The Company used a portion of the net proceeds from the sale of the Notes to

repurchase 2.5 million of the Company's common shares in connection with the

offering of the Notes and intends to cancel these shares, reducing the total

outstanding share count to 102.3 million shares. The Company plans to use the

remaining net proceeds for general corporate purposes, which may include, among

other things, future growth investments including a contemplated fourth FLNG

unit, MKII FLNG conversion costs, FLNG Hilli redeployment costs, repaying

indebtedness, and funding working capital and capital expenditures.

IMPORTANT INFORMATION

This press release does not constitute an offer to sell or the solicitation of

an offer to buy the Notes, nor shall there be any sale of the Notes in any

jurisdiction in which, or to any person to whom, such an offer, solicitation or

sale would be unlawful. Any offer of the Notes will be made only by means of a

private offering memorandum.

The Notes and the shares of common stock issuable upon conversion of the Notes

have not been, and will not be, registered under the Securities Act or the

securities laws of any other jurisdiction and may not be offered or sold absent

registration or an applicable exemption from registration requirements under the

Securities Act and applicable state securities laws.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements (as defined in Section

21E of the Securities Exchange Act of 1934, as amended) which reflect

management's current expectations, estimates and projections about its

operations. All statements, other than statements of historical facts, that

address activities and events that will, should, could or may occur in the

future are forward-looking statements. Words such as "will," "may," "could,"

"should," "would," "expect," "plan," "anticipate," "intend," "forecast,"

"believe," "estimate," "predict," "propose," "potential," "continue," "subject

to" or the negative of these terms and similar expressions are intended to

identify such forward-looking statements and include statements related to the

offering of the Notes, the terms and conditions, the intended use of proceeds

and other non-historical matters.

These statements are not guarantees of future performance and are subject to

certain risks, uncertainties and other factors, some of which are beyond our

control and are difficult to predict and which could cause actual outcomes and

results to differ materially from what is expressed or forecasted in such

forward-looking statements. Such risks include risks relating to the actual use

of proceeds and other risks described in our most recent annual report on Form

20-F filed with the SEC.  You should not place undue reliance on these forward-

looking statements, which speak only as of the date of this press release. Golar

LNG Limited undertakes no obligation to update publicly any forward-looking

statements whether as a result of new information, future events or otherwise,

unless required by applicable law.

Hamilton, Bermuda

July 1, 2025

Investor Questions: +44 207 063 7900

Karl Fredrik Staubo - CEO

Eduardo Maranhão - CFO

Stuart Buchanan - Head of Investor Relations

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

This announcement is not being made in and copies of it may not be distributed

or sent into any jurisdiction in which the publication, distribution or release

would be unlawful.