DOF Group — M&A Activity 2024

Apr 15, 2024

DOF Group ASA – Sale of Skandi Gamma

DOF Rederi AS has sold the 2011 built PSV, Skandi Gamma.

The vessel will be delivered to the new owners in April and DOF will continue as technical and commercial manager for the vessel.

Mons S. Aase, CEO DOF Group AS, says: "The sale of another PSV is in line with our longterm strategy to focus on the integrated subsea services and the short to medium term focus on optimising the combination of earnings and vessel values from our PSV fleet. With this sale the leverage of DOF Rederi AS is further reduced to approximately 1.5x NIBD/EBITDA using 2023 earnings".

For further information, please contact: Mons Aase, CEO, DOF Group ASA Phone: +47 91661012

Hilde Drønen, CFO, DOF Group ASA Phone: +47 91661009 E-mail: hilde.dronen@dof.com

About DOF Group ASA

With a multi-national workforce of about 4,000 personnel, DOF Group 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 40 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 evergrowing and demanding industry. The Company's main operation centers and business units are located in Norway, the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.