Sale of PSV Energy Passion

Ålesund 12.03.2026

Reference is made to the stock exchange announcement by Golden Energy Offshore Services ASA (the "Company") on 12 December 2025 where the Company informed of its commitment to a near-term sale of minimum two vessels, subject to market conditions. The Company also refer to the announcements of the sale of PSV Energy Empress on 23 January 2026 and sale of PSV Energy Partner 26 January 2026.

The Company is pleased to announce that its subsidiary Energy Passion AS has today received confirmation that all subjects are lifted for a legally binding sales agreement for the PSV Energy Passion. The agreement is based on the industry standard Saleform 2012 form and subject to ordinary conditions for payment upon delivery.

The gross sale price for PSV Energy Passion is agreed at USD 28 million (approximately NOK 269 million) and the sale is expected to be completed medio April 2026. Upon completion, the transaction will result in a booked gain of approximately USD 5,4 million and is expected to generate net proceeds after repayment of the lease, break fees and transaction costs of approximately USD 14 million (approximately NOK 134 million).

These agreements reconfirm the value of the Company’s modern quality fleet which after the completion of the sale consists of MPSV Energy Duchess PSV Energy Paradise and PSV Energy Pace (sister vessels to PSV Energy Passion) and the 2005 built PSV Energy Swan.

For further information, please contact:

Per Ivar Fagervoll pif@geoff.no Mobile: + 47 974 28 884

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This information is considered to include inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Per Ivar Fagervoll, CEO, on 12 January 2026, at 14:15 (CET).