Reference is made to our previous announcement on30 November 2021 regarding the extension of standstill arrangements with the group's secured lenders expiring31 January 2022 and extension of standstill arrangements with bondholders inDOF Subsea AS' bond issues also expiring31 January 2022 .DOF ASA andDOF Subsea AS are pleased to announce that each of the companies have agreed to further extend the principal and interest suspension agreements with, or received extensions of similar concessions from, secured lenders representing in total 91% of the secured debt ofDOF ASA andDOF Rederi AS and in total 95% of the secured debt of companies within theDOF Subsea AS group (excluding DOF Subsea Brasil Servicos Ltda.) until28 February 2022 , and thatDOF Subsea AS has received confirmation from the ad hoc group of bondholders that they have agreed to further extend the suspension, deferral and standstill agreement currently in place for the bond issues to28 February 2022 in accordance with the resolutions of the bondholders' meeting held30 September 2021 . The extensions of the standstill periods will facilitate the DOF group's continued dialogue with its secured lenders and the bondholders under the DOF group's bonds regarding a long-term financial restructuring of the DOF group. For further information, please contact: CEO Mons Aase, tel. +47 91 66 10 12 CFO DOF ASA Hilde Drønen, tel. +47 91 66 10 09 CFO DOF Subsea AS,Martin Lundberg , tel. + 47 91 62 10 57 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.The DOF Subsea Group is a specialist subsea service business that provides subsea construction, subsea engineering, inspection, repair and maintenance and survey services, which involve complex and challenging engineering in an international environment. DOF Subsea owns a large fleet of modern subsea construction, intervention and survey vessels that enable it to offer differentiated positions with its clients and work in long term relationships, which enhance service delivery and reduce the overall risk. The company's core business is project management, engineering, vessel operations, survey, remote intervention and diving operations, primarily for the Oil and Gas, Marine Telecommunications and Renewables markets. www.dofsubsea.com
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