Eidesvik Offshore — Capital/Financing Update 2023

Dec 13, 2023

EIOF – New loan facility

EIOF – New loan facility

Eidesvik Offshore ASA (“Eidesvik" or the “Company”) is pleased to announce that it has agreed to enter into a term loan facility with Sparebanken Vest. This agreement replaces the Company’s existing term loan facility for its wholly owned fleet.

The debt will mature 4 years from drawdown. Drawdown is expected before year end 2023.

Gitte Gard Talmo, CEO & President, comments: "We are pleased to collaborate with Sparebanken Vest under a finance agreement featuring attractive terms ”.

Bømlo, December 13, 2023

Contacts:

CEO Gitte Gard Talmo (+47 915 23 245)

CFO Helga Cotgrove (+47 907 35 246)

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.