DOF ASA — Earnings Release 2014

Aug 20, 2014

Financial Report 2nd quarter 2014 DOF ASA

Financial Report 2nd quarter 2014 DOF ASA

The DOF Group has in 2nd quarter achieved a total revenue of NOK 2 791

million and an EBITDA of NOK 866 million.  EBIT is NOK 608 million and

profit after tax is NOK 188 million. Total current back log (incl.

options) for the Group is NOK 61 billion.

Please find enclosed Financial Report 2nd quarter 2014.

Webcast is available Thursday 21 August, from 08:30 o'clock  on

www.dof.no.

Contact:

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

CFO Hilde Drønen, Tel + 47 91 66 10 09

With a multi-national workforce in excess of 5,000 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 30 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, Argentine, Egypt, Angola,

and Australia.

DOF ASA is listed on the Oslo Exchange since 1997.