AI Terminal

MODULE: AI_ANALYST

Interactive Q&A, Risk Assessment, Summarization

MODULE: DATA_EXTRACT

Excel Export, XBRL Parsing, Table Digitization

MODULE: PEER_COMP

Sector Benchmarking, Sentiment Analysis

SYSTEM ACCESS LOCKED

Authenticate / Register Log In

Northern Ocean Ltd.

Legal Proceedings Report • Dec 15, 2025

9907_rns_2025-12-15_b33154d4-31e6-4421-a44c-3935e7ba9f38.html

Legal Proceedings Report

Open in Viewer

Opens in native device viewer

NOL: Sale of Deepsea Bollsta

15 December 2025 – Hamilton, Bermuda

With reference to the stock exchange notice dated 17 November 2025, Northern Ocean Ltd. (“NOL”) announces that its subsidiary today has closed the sale of the Deepsea Bollsta to a Odfjell Drilling Ltd subsidiary, for a cash settlement of USD 480 million. NOL has simultaneously prepaid the remaining USD 285 million loan provided by a group of banks and reduced its loan facility with Sterna Finance Ltd., a company affiliated with the main shareholder Hemen Holding Limited, to USD 100 million.

For inquiries, please contact:

Arne Jacobsen, Chief Executive Officer: +971 55 639 0860

Jonas Ytreland, Chief Financial Officer: +47 994 65 550

This information is considered to be inside information pursuant to the EU Market Abuse Regulation. This stock exchange announcement was published by Jonas Ytreland, CFO of NOL on the date and time provided.