DOF Group ASA - Sale of vessel

DOF Group ASA ("DOF") has agreed to sell the 2018-built subsea construction vessel Skandi Implementer to an undisclosed buyer.

The vessel is planned to be delivered to its new owner in Q2 2027. The sale will contribute to a material reduction in the Group's net debt.

Mons S. Aase, CEO DOF Group ASA, comments: "While we have not actively pursued a sale of this high-end subsea vessel, the terms are accretive for the DOF Group and its shareholders, making this the right decision."

Contact information:

Eirik Vardøy, Investor Relations DOF Group ASA

Phone: +47 94 83 64 64

About DOF: DOF Group ASA (OSE ticker: DOFG) is a leading provider of offshore and subsea services to the offshore energy industry. The company owns and operates a fleet of modern offshore/subsea vessels which is combined with strong engineering capabilities to provide integrated offshore services globally. www.dof.com