Reference is made to previous announcements regarding the extension of standstill arrangements with the DOF group's secured lenders expiring15 June 2022 and extension of standstill arrangements with bondholders inDOF Subsea AS' bond issues also expiring15 June 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 all 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.) until22 June 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 to22 June 2022 in accordance with the resolutions of the bondholders' meeting held29 April 2022 . 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 CFOHilde Drønen , tel. +47 91 66 10 09 With a multi-national workforce of about 3,800 personnel,DOF ASA is an international group of companies which owns and operates a fleet of modern offshore/subsea vessels, and engineering capacity to service both the offshore and subsea market. With 40 years in the offshore business, the group has a strong position in terms of experience, innovation, product range, technology and capacity. DOF's core businesses are vessel ownership, vessel management, project management, engineering, vessel operations, survey, remote intervention and diving operations primarily for the oil and gas sector. From PSV charter toSubsea engineering, DOF offers a full spectrum of top quality offshore services to facilitate an ever-growing and demanding industry. The company's main operation centers and business units are located inNorway , theUK , theUSA ,Singapore ,Brazil ,Argentina ,Canada ,Angola , andAustralia .DOF ASA is listed on the Oslo Exchange since 1997.
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