DOF ASA — M&A Activity 2015

Sep 22, 2015

NEW CONTRACT IN AUSTRALIA

NEW CONTRACT IN AUSTRALIA

DOF ASA's subsidiary DOF Management Pte. has agreed a 4 + 4 months contract with

Chevron in Australia. The vessel Skandi Responder, owned by Vard Holdings

Limited is hired in to operate on this contract based on the fact that DOF

currently has none PSVs available. The contract will start in October.

For further information, please contact:

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

Hilde Drønen, CFO, DOF ASA.   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.