Golden Energy Offshore Services

Report Publication Announcement • Nov 6, 2023

Last day of subscription period in the Subsequent Offering

Last day of subscription period in the Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Ålesund, 6 November 2023

Reference is made to the stock exchange announcement published by Golden Energy Offshore Services AS (the “Company”) on 19 October 2023 regarding the launch of a subsequent offering (the “Subsequent Offering”) of up to 70,000,000 new shares in the Company at a subscription price of NOK 1.00 per share and the registration of a national prospectus dated 19 October 2023 (the “Prospectus”).

The subscription period for the Subsequent Offering will expire today, 6 November 2023, at 16:30 (CET).

Correctly completed subscription forms must be received by one of the Managers (as defined below), or, in the case of online subscriptions, be duly registered, within this deadline. Upon expiry of the subscription period, any subscription rights that have not been exercised will have no value and will lapse without compensation to the holder.

For more information about the Subsequent Offering and the subscription procedures, please refer to the Prospectus, which, subject to regulatory restrictions in certain jurisdictions, is available at the following websites: https://www.arctic.com/offerings, https://transaksjoner.fearnleysecurities.com and https://paretosec.com/transactions

Arctic Securities AS, Fearnley Securities AS and Pareto Securities AS are acting as managers (the “Managers”) in the Subsequent Offering. Advokatfirmaet BAHR AS is acting as legal advisor to the Company.

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

For further information, please contact:

Per Ivar Fagervoll

pif@geoff.no

Mobile: + 47 974 28 884

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This announcement is not and does not form a part of any offer for sale of any securities, and is not for release, publication or distribution, directly or indirectly, in the United States, or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Company does not intend to register its securities in the United States.

The distribution of this announcement into jurisdictions other than Norway may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement has not been approved by any regulatory authority.