DOF ASA

Capital/Financing Update • Jan 30, 2020

Contract award for Skandi Vitoria

The Brazilian built pipelay support vessel (PLSV) Skandi Vitoria, owned by the joint venture between DOF Subsea (50%) and TechnipFMC (50%), has been awarded a contract with TechnipFMC. The contract will commence in January with validity of two years plus options.

The vessel has been in lay-up since summer 2018 and the CEO Mons Aase states that he is pleased with the contract award and having the vessel back in operations.

For further information, please contact:

Mons S. Aase, CEO Tel: +47 91 66 10 12

Hilde Drønen, CFO Tel: 91 66 10 09

With a multi-national workforce of about 3,500 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 35 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.