Seaway 7 ASA — Capital/Financing Update 2021

May 11, 2021

OHT ASA: SECURED BANK FINANCING OF THE WIND FOUNDATION INSTALLATION VESSEL “ALFA LIFT”

OHT ASA: SECURED BANK FINANCING OF THE WIND FOUNDATION INSTALLATION VESSEL “ALFA LIFT”

OSLO, NORWAY – 11 MAY 2021 – OHT ASA today announces that its wholly-owned ship owing company OHT Alfa Lift AS (“the Company”) has today received and accepted a firm offer, subject to satisfactory documentation, for a USD 135,000,000 Senior Secured Green ECA Credit Facility (“the Facility”). The Facility is for the post-delivery financing of the Company’s wind foundation installation vessel Alfa Lift. The Facility is to be drawn upon delivery of the mentioned vessel.

The Facility has a five-year term and a 12-year repayment profile. DNB Bank ASA is Bookrunner and Coordinator, and together with Sparebank 1 SR-Bank ASA mandated lead arranger. Further, the Norwegian Export Credit Agencies GIEK and Eksportkreditt are supporting the facility, their tranche is estimated to USD 82,600,000.

For further information, please contact:

Tom Jebsen, Chief Financial Officer

+47 907 47 997