DOF ASA - Director's Dealing 2017

Mandatory notification of trade

Laco AS, related party to Helge Møgster, Chairman of DOF ASA and to Board Member

Marianne Møgster, has acquired the shares of Vesterfjord AS (100% controlled by

different shareholders in Laco AS.) Vesterfjord AS holds 1 027 650 shares in DOF

ASA, representing 0,0403% of the shares in DOF ASA.

Møgster Mohn Offshore AS, in which Laco AS is majority shareholder with a

66,38699% holding, currently holds 1,506,399,363 shares in DOF ASA, 59,02% of

the shares. The shares of Vesterfjord AS are acquired based on the stock

exchange trading price of shares in DOF ASA on 22 December, 2017 of NOK 0,60.

After this transaction, Helge Møgster owns 206 129 568 shares in DOF ASA

directly and indirectly. Marianne Møgster owns 49 082 742 shares in DOF ASA

directly and indirectly.

The above information is mandatory according to the Securities Trading Act

section 4-2.

For further information, please contact:

CEO Mons Aase, tel. +47 91 66 10

CFO Hilde Drønen, tel. +47 91 66 10 09

With a multi-national workforce of about 4,000 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, Egypt, Angola, and Australia.

DOF ASA is listed on the Oslo Exchange since 1997.

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