DOF ASA — M&A Activity 2017

Dec 15, 2017

DOF sells the vessel Skandi Marstein

DOF sold and delivered the 1996 built PSV "Skandi Marstein" to a new owner yesterday. The sale will not have any significant liquidity impact or impact on the accounts. The vessel has been in lay up since late autumn 2017.

The sale is in line with DOF Group's strategy to divest in the oldest part of the fleet.

For further information, please contact:

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

Hilde Drønen, CFO, 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.