DOF Group - Capital/Financing Update 2025

DOF Group ASA - Two long-term AHTS contracts in Brazil

DOF Group ASA ("DOF") is pleased to announce two new contracts in Brazil.

Skandi Fluminense, a 2007 Brazilian-built anchor handling tug supply (AHTS)

vessel with 211t bollard pull, and Skandi Lifter, a foreign-flagged 250t AHTS

built in 2009 have each been contracted on 4-year contracts with Petrobras,

following the same competitive AHTS tender process that resulted the contracts

of Skandi Logger, Skandi Iguaçu, Skandi Angra, Skandi Paraty and Skandi Urca,

previously announced. Skandi Fluminense is expected to commence in January 2026

and Skandi Lifter in February 2026. Skandi Lifter will be reflagged to Brazilian

flag prior to contract commencement.

AHTS vessels are specialized vessels mainly used in the offshore energy

industry. Their primary functions include anchor handling, platform towing,

logistical support, and emergency response.

The two contracts have a combined value of more than USD 220 million.

Contact information:

Eirik Vardøy, Investor Relations DOF Group ASA

Phone: +47 94 83 64 64

About DOF

DOF Group ASA (OSE ticker: DOFG) is a leading provider of offshore and subsea

services to the offshore energy industry. The company owns and operates a fleet

of modern vessels which is combined with strong engineering capabilities to

provide integrated services globally.

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