DOF ASA (DOF) 🚢

[Metallian]

Skambud på DOF Group

Blir dpennande frrmover

[Floppen]

Tegnet meg for 48214 aksjer i emisjonen, fikk 375. Hipp, hipp hurra!

[Longshot62]

Ikke bruk alt på ett sted.De fleste fikk det samme som deg.Var 30 ganger overtegnet.

[Metallian]

Austevoll-rederiet Dof har sin første dag på Oslo Børs torsdag.

Dermed er rederiet igjen klare for børsnotering etter årevis med gjeldsforhandlinger, aksjonæropprør og konkurs.

Selskapet har nær 4000 nye aksjonærer, ifølge en børsmelding.

Mandag varslet oljeserviceselskapet Subsea 7 at det ikke kom til å endre sitt bud på selskapet, dersom ikke styret utrykker villighet til å gå inn i en konstruktiv dialog.

I forrige uke kom Subsea 7 med et bud på «nye» Dof på 35 kroner per aksje. Det ble senere avvist av styret i Dof.

[Floppen]

@pdx Kan vi få koblet denne tråden til den nye tickeren DOFG eller må det lages ny tråd?

[pdx]

Sånn?

[Floppen]

Sprek start i dag, opp over 35%. Retail investorer får ikke aksjene på konto før på mandag om jeg har forstått det rett, så ikke mulig å ta gevinst i dag.

[Floppen]

Da mangler vi bare aksjekursen

[pdx]

Kommer etter hvert

[Triotech]

Jeg har Pareto og solgte i åpningen. Ingen vits å sitte med det lave antallet, og vil ikke kjøpe flere på 37-38-39

[Lilleulven]

Av ren nysgjerrighet: hvordan klarte du å selge? Blir ikke aksjene tilgjengelig først på mandag (gitt at du ikke er en av de institusjonelle)?

[Triotech]

Vil tippe at det er forskjell mellom bankene når de blir tilgjengelig?

[TekBot]

Notification of major holdings

See attachment on www.newsweb.no
…

Vis børsmeldingen

Kilde

[Floppen]

@Floppen

Retail investorer får ikke aksjene på konto før på mandag om jeg har forstått det rett, så ikke mulig å ta gevinst i dag.

Rettelse: Det ble beskrevet i prospektet på eller rundt 26. Fikk mine på konto i dag. Hvorfor noen retail kunne selge i går lurer jeg og på.

[hatitchi]

Pareto: Expected settlement (institutional tranche): 23 June 2023.

Settlement (oppgjør) 23.juni innebærer levering 21. Juni. Har du da oppgjør 26. juni blir levering da 22. Juni.

Pareto forventer oppgjør for begge transjer 23. juni så det er nok det at de er mer effektive enn DNB og de andre.

[zappa66]

Oversikt over gjelden i DOFG

8.13 Financing
The Group’s material borrowings consist of the Bonds, debt to credit institutions and lease debt. Following the Restructuring (see Section 5.2.2 above), the Group’s capital structure was reconstructed. As at 31 March, 2023 the Bonds of NOK 699 million was outstanding, the debt to credit institutions of NOK 13,193 million was outstanding and the lease debt of NOK 510 million was outstanding.
The Group’s borrowings include financial covenants. The main terms and covenants are described below:
The NOK 675 million bond loan
In accordance with the Restructuring Agreement, an amount of NOK 675 million outstanding under three previous bonds issuances was reinstated into the DOF Subsea AS’s senior unsecured convertible NOK 675 million bonds, with ISIN NO0012753666. The Bonds mature in full on 17 December 2027 and the Group will have the option to settle the Bonds in cash or by the issue to the bondholders of Ordinary Shares in the Company. The Bonds is deemed to have accrued interest from 30 June 2022 at a rate of the aggregate of NIBOR and 2% p.a. payable by issuance of additional bonds (payments-in-kind) under the same ISIN. The Bonds are unsecured, but guaranteed by DOF PLSV Investments AS, a direct wholly owned subsidiary of the Company which owns 50% of the shares in DOFCON JV. As the date of the Prospectus, NOK 699 million is outstanding under the Bonds.

Debt to credit institutions
The Group’s debt to credit institutions comprises of an overdraft facility of NOK 25 million, whereby NOK 10 million is drawn at the date of the Prospectus, and maritime mortgages. The maritime mortgages include a combination of commercial bank financing and export credit facilities. There is generally one loan facility financing each vessel or a fleet of vessels, secured by, inter alia, a mortgage and other security interests relating to the relevant vessel(s). The Group’s debt to credit institutions bear interest at variable rates plus a margin, whereas certain export credit financing incurs a fixed interest rate. The Group’s overdraft facility bears interest at a variable rate plus a margin.

Financial covenants
After implementation of the Restructuring Agreement in March 2023, the Group’s financing agreements include the following financial covenants (the proportionate consolidation method of accounting is applied for the joint ventures): DOF Subsea Group (excluding DOF Subsea Brazil Ltda.)  The DOF Subsea Group shall have available cash of at least NOK 600 million on each testing date.  DOF Subsea Group shall have positive working capital, (current assets less current liabilities excluded current portion of debt to credit institutions), on each testing date.
 DOF Subsea Group`s interest coverage ratio (EBITDA / interest payable in period) shall be no less than the level set out that period. The interest coverage ratios are the following: From June 2023 to December 2023, 2.0x, from March 2024 to December 2024, 2,50x and from March 2025 December to 2025, 3.25x.  Fair value (based on 2 brokers valuations) for the vessels shall be at least 100% of the total outstanding loans related to the vessels.
Testing date is set to be the last day in each quarter.

The DOF Subsea Group has further the following financial covenants as guarantor for two facilities in the joint venture with TechnipFMC:DOF GROUP ASA – REGISTRATION DOCUMENT 86
 The DOF Subsea Group shall have value adjusted equity to value adjusted assets of at least 30%.
 The DOF Subsea Group shall have a minimum book equity of NOK 3,000 million.
 The DOF Subsea Group shall have positive working capital at all times, excl. current portion of debt to credit institutions.
 The DOF Subsea Group shall have free cash of minimum NOK 500 million.
The DOF Subsea Group is in compliance with all covenants as per 31 March 2023.
DOF Rederi AS
 DOF Rederi AS shall have available cash of at least 175 million.
 DOF Rederi AS shall have positive working capital, (current assets less current liabilities excluded current portion of debt to credit institutions), on each testing date.
 DOF Rederi AS interest coverage ratio (EBITDA / interest payable in period) shall be no less than the level set out that period. The interest coverage ratios are the following: From June 2023 to December 2023, 2.50x, from March 2024 to December 2024, 3.50x and from March 2025 to December 2025, 5.0x.
 Fair value (based on 2 brokers valuations) for the vessels shall be at least 100% of the total outstanding loans related to the vessels.
 In the event of a sale of a non-core vessel (as defined in the existing facilities agreement), the proceeds received shall be paid as a fee to the relevant lenders and shall not constitute a prepayment of the facility.
Testing date is set to be the last day in each quarter.

Norskan Offshore Ltda.
 Norskan Offshore shall have available cash of at least USD 1.5 million until June 2023, USD 3.5 million until September 2023, USD 7 million until December 2023 and from January 2024 USD 16 million.
 Norskan interest coverage ratio (EBITDA / interest payable in period) shall be no less than the level set out that period. The interest coverage ratios are the following: From June 2023 to
December 2024 1.25x, from March 2025 to June 2025,
1.5x and from June 2025 to December 2025, 1.75x.
 Fair value (based on 2 brokers valuations) for the vessels shall be at least in range of 63% to 77% of the total outstandingloans related to the vessels. Testing date is set to be the last day in each quarter.
In addition to the covenants there listed above the loan agreements include regulations with regards to cash sweeps. Cash sweeps thresholds in different silos are the following:
 Norskan Offshore: USD 30 million
 DOF Rederi: NOK 275 million
 DOF Subsea (ex DOF Subsea Brasil and ex minority interests in DOF Installer ASA): NOK 1,075 million
 DOF Subsea Brasil: BRL 50 million
Cash balances are tested quarterly.
As of the date of the Registration Document, the Group is in compliance with all financial covenants.

Cash sweep avtale:
The loan agreements have also established cash sweep mechanisms for each silo (but not in the JV DOFCON silo), meaning that any additional cash (above a certain agreed cash sweep level – which again is set above the required financial covenant of the minimum cash level) from proceeds from sale of assets, higher revenues etc for the silo, is to be spent on additional repayment of
the loan to the entity. Hence, such additional cash repayments of loans through cash sweeps come in addition to the contractual quarterly loan instalments. As such the Company will not be able to use cash from one silo to repair any shortfall of cash (for the minimum cash covenant) in another silo, nor pay dividends to shareholders of the Group, as long as the current loan agreements are in place. The Group can also only spend a maximum of NOK 500 million of its operational cash flow on capital expenditures for M&A (over a three year period from date of the Restructuring). This limit of capital expenditures does not apply to ordinary maintenance capital expenditures, which are required for the vessels’ operations like drydocking

Forfallsprofil på gjelden

9.6 The Group’s 2023 Outlook Summary

Item , . … … . … … . … … … . . …2023 outlook
EBITDA … … … … … … … … … … NOK 4,200,000,000 – 4,700,000,000.
Interest cost … … … … … … … … NOK ~1,000,000,000.
Scheduled repayments … … … NOK ~1,300,000,000.
Annual maintenance capex …NOK 800,000,000 – 1,000,000,000.

[strongbuy]

Tidewater var opp 10 % i usa på fredag, markedet er stramt om dagen for denne bransjen. Subsea 7 sitt bud er forståelig, de ønsket å snappe opp selskapet “billig” da de har behov for flere båter. Smart av DOFG å takke nei, da potensialet i kursen er mye høyere i tiden fremover enn de skarve 35 kr budet var på.

[TekBot]

DOF Group ASA – End of stabilisation and exercise of greenshoe option

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, AUSTRALIA, NEW ZEALAND, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF CHINA OR JAPAN OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES.

DOF Group ASA – End of stabilisation and exercise of greenshoe option
…

Vis børsmeldingen

Austevoll, Norway, 4 July 2023: Reference is made to the stock exchange announcement by DOF Group ASA (“DOF” or the “Company”, ticker symbol “DOFG”) on 22 June 2022 regarding potential stabilisation activities in respect of the ordinary shares in the Company in connection with the successful completion of the initial public offering of ordinary shares in the Company (the “Offering” or the “IPO”).

DNB Markets, a part of DNB Bank ASA (the “Stabilisation Manager”), acting as stabilisation manager in connection with the Offering on behalf of the Managers (as defined below), hereby gives notice that the stabilisation period which commenced on 22 June 2023, has ended as of today, 4 July 2023 and that no stabilisation was undertaken in relation to the shares in the Company. In order to permit redelivery of the 1,830,595 ordinary shares in the Company, which were borrowed from Moco Holding AS, Energy Investors AS, Harald Thorstein, Djupedalen AS and ML Kapital AS and over-allotted in the Offering, the Stabilisation Manager, on behalf of the Managers, has exercised the greenshoe option granted by the Company to subscribe for new ordinary shares in the Company. In total 1,830,595 ordinary new shares in the Company will be subscribed for and issued by the Company under the greenshoe option at a price of NOK 28.00 per share, equal to the offer price in the Offering. After the issuance of the new shares, the number of shares outstanding in the Company will be 53,372,566 ordinary shares and 123,276,652 B-shares, each with a par value of NOK 2.50.

Advisors

ABG Sundal Collier ASA, Carnegie AS, DNB Markets, a part of DNB Bank ASA, and Pareto Securities AS are acting as Joint Global Coordinators and Joint Bookrunners in the IPO (the “Managers”).

Lazard Ltd is acting as financial adviser to the Company (the “Financial Advisor”).

Advokatfirmaet Thommessen AS is acting as legal counsel to the Company.

Advokatfirmaet Wiersholm AS is acting as legal counsel to the Managers.

For further information, please contact:

Mons Aase, CEO DOF Group ASA
Phone: +47 91 66 10 12
E-mail: Mons.Aase@dof.com

Svein Harald Øygard, Chairperson DOF Group ASA
Phone: +47 90 02 40 09
E-mail: sveinharaldoygard@gmail.com

About DOF Group ASA

With a multi-national workforce of about 4,000 personnel, DOF Group 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 over 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 to Subsea 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 in Norway, the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.

IMPORTANT INFORMATION

This announcement is for informational purposes only and does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in Australia, New Zealand, Canada, Japan or the United States, including its territories and possessions, any state of the United States and the District of Columbia (the “United States”) or to any person to whom, or in any jurisdiction in which, such offer or solicitation is unlawful. The securities referred to herein may not be offered, subscribed, used, pledged, sold, resold, allotted, delivered or transferred, directly or indirectly, in or into the United States absent registration under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. The offer and sale of the securities referred to herein has not been and will not be registered under the U.S. Securities Act or under the applicable securities laws of Australia, New Zealand, Canada or Japan. There will be no public offer of the securities in the United States. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, New Zealand, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, New Zealand, Canada or Japan.

In any EEA Member State, other than Norway, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the EU Prospectus Regulation, i.e., only to investors who can receive any offering of the securities referred to in this communication without an approved prospectus in such EEA Member State.

This communication does not constitute an offer of the securities referred to herein to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the securities referred to herein. This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). Any investment activity to which this communication relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

In connection with the contemplated offering, the Managers and any of their affiliates, acting as investors for their own accounts, may subscribe for or purchase shares and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such shares and other securities of the Company or related investments in connection with the contemplated offering or otherwise. Accordingly, references in any prospectus, if published, to the shares being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by, such Managers and any of their affiliates acting as investors for their own accounts. The Managers do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe”, “aims”, “expect”, “anticipate”, “intends”, “estimate”, “will”, “may”, “continue”, “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. Forward-looking statements speak only as of the date they are made and cannot be relied upon as a guide to future performance. The Company, each of the Managers and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise.

None of the Managers or any of their respective affiliates or any of their respective directors, officers, employees, advisors or agents accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available, or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. This announcement has been prepared by and is the sole responsibility of the Company.

The Managers and their affiliates are acting exclusively for the Company and the selling shareholders and no-one else in connection with the intended offering. They will not regard any other person as their respective clients in relation to the intended offering and will not be responsible to anyone other than the Company and the selling shareholders for providing the protections afforded to their respective clients, nor for providing advice in relation to the intended offering, the contents of this announcement or any transaction, arrangement or other matter referred to herein.

Lazard & Co., Limited (“Lazard”), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as financial adviser to the Company, and no one else, in connection with the matters set out in this announcement, and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Lazard nor for providing advice in relation to the contents of this announcement or any other matter or arrangement referred to herein. Neither Lazard nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Lazard in connection with this announcement, any matter, arrangement or statement contained or referred to herein or otherwise.

This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the Managers nor any of their respective affiliates accepts any liability arising from the use of this announcement.

Each of the Company, the Managers and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any statement contained in this announcement whether as a result of new information, future developments or otherwise.

The issue, subscription or purchase of shares in the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assume any responsibility in the event there is a violation by any person of such restrictions. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Kilde

[TekBot]

DOF Group ASA – Resolution to increase the share capital

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, AUSTRALIA, NEW ZEALAND, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF CHINA OR JAPAN OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES.

DOF Group ASA – Resolution to increase the share capital
…

Vis børsmeldingen

Austevoll, Norway, 4 July 2023: Reference is made to the stock exchange announcement made on 4 July 2023 whereby DOF Group ASA (“DOF” or the “Company”, OSE ticker code “DOFG”) announced the end of stabilisation and exercise of greenshoe option.

Today, 4 July 2023, the Company’s board of directors has, based on an authorisation granted to it by the extraordinary general meeting of the Company held on 25 May 2023, resolved to increase the Company’s share capital with NOK 4,576,487.50 by issuance of 1,830,595 new ordinary shares, each with a nominal value of NOK 2.50, for a subscription price of NOK 28.00 per share (equal to the offer price in the Company’s initial public offering of shares (the “IPO”)) to DNB Markets, a part of DNB Bank ASA (“DNB”) following DNB’s exercise of the greenshoe option granted by the Company in connection with the IPO. Following registration of the share capital increase with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret), the Company’s share capital will be NOK 441,623,045, divided into 53,372,566 ordinary shares and 123,276,652 B-shares, each with a nominal value of NOK 2.50.

Advisors

ABG Sundal Collier ASA, Carnegie AS, DNB Markets, a part of DNB Bank ASA, and Pareto Securities AS are acting as
Joint Global Coordinators and Joint Bookrunners in the IPO (the “Managers”).

Lazard Ltd is acting as financial adviser to the Company (the “Financial Advisor”).

Advokatfirmaet Thommessen AS is acting as legal counsel to the Company. Advokatfirmaet Wiersholm AS is acting as legal counsel to the Managers.

For further information, please contact:

Mons Aase, CEO DOF Group ASA
Phone: +47 91 66 10 12
E-mail: Mons.Aase@dof.com

Svein Harald Øygard, Chairperson DOF Group ASA
Phone: +47 90 02 40 09
E-mail: sveinharaldoygard@gmail.com

About DOF Group ASA
With a multi-national workforce of about 4,000 personnel, DOF Group 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 over 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 to Subsea 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 in Norway, the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.

IMPORTANT INFORMATION
This announcement is for informational purposes only and does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in Australia, New Zealand, Canada, Japan or the United States, including its territories and possessions, any state of the United States and the District of Columbia (the “United States”) or to any person to whom, or in any jurisdiction in which, such offer or solicitation is unlawful. The securities referred to herein may not be offered, subscribed, used, pledged, sold, resold, allotted, delivered or transferred, directly or indirectly, in or into the United States absent registration under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. The offer and sale of the securities referred to herein has not been and will not be registered under the U.S. Securities Act or under the applicable securities laws of Australia, New Zealand, Canada or Japan. There will be no public offer of the securities in the United States. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, New Zealand, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, New Zealand, Canada or Japan.

In any EEA Member State, other than Norway, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the EU Prospectus Regulation, i.e., only to investors who can receive any offering of the securities referred to in this communication without an approved prospectus in such EEA Member State

This communication does not constitute an offer of the securities referred to herein to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the securities referred to herein. This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). Any investment activity to which this communication relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

In connection with the contemplated offering, the Managers and any of their affiliates, acting as investors for their own accounts, may subscribe for or purchase shares and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such shares and other securities of the Company or related investments in connection with the contemplated offering or otherwise. Accordingly, references in any prospectus, if published, to the shares being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by, such Managers and any of their affiliates acting as investors for their own accounts. The Managers do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe”, “aims”, “expect”, “anticipate”, “intends”, “estimate”, “will”, “may”, “continue”, “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. Forward-looking statements speak only as of the date they are made and cannot be relied upon as a guide to future performance. The Company, each of the Managers and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise.

None of the Managers or any of their respective affiliates or any of their respective directors, officers, employees, advisors or agents accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available, or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. This announcement has been prepared by and is the sole responsibility of the Company.

The Managers and their affiliates are acting exclusively for the Company and the selling shareholders and no-one else in connection with the intended offering. They will not regard any other person as their respective clients in relation to the intended offering and will not be responsible to anyone other than the Company and the selling shareholders for providing the protections afforded to their respective clients, nor for providing advice in relation to the intended offering, the contents of this announcement or any transaction, arrangement or other matter referred to herein.

Lazard & Co., Limited (“Lazard”), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as financial adviser to the Company, and no one else, in connection with the matters set out in this announcement, and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Lazard nor for providing advice in relation to the contents of this announcement or any other matter or arrangement referred to herein. Neither Lazard nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Lazard in connection with this announcement, any matter, arrangement or statement contained or referred to herein or otherwise.

This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the Managers nor any of their respective affiliates accepts any liability arising from the use of this announcement.

Each of the Company, the Managers and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any statement contained in this announcement whether as a result of new information, future developments or otherwise.

The issue, subscription or purchase of shares in the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assume any responsibility in the event there is a violation by any person of such restrictions. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Kilde

[TekBot]

DOF Group ASA: Registration of share capital increase

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO, THE UNITED STATES OF AMERICA, AUSTRALIA, NEW ZEALAND, CANADA, THE HONG
KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF CHINA OR JAPAN OR
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Austevoll, Norway, 6 July 2023: Reference is made to the stock exchange
announcement made on 4 July 2023 whereby DOF Group ASA (“DOF” or the “Company”,
OSE ticker code “DOFG”) announced the resolution to increase the Company’s share
capital in connection with exercise of greenshoe option.

The Company has increased its share capital with NOK 4,576,487.50 by issuance of
1,830,595 new ordinary shares, each with a nominal value of NOK 2.50, for a
subscription price of NOK 28.00 per shares (equal to the offer price in the
Company’s initial public offering of shares (the “IPO”)) following exercise by
DNB Markets, a part of DNB Bank ASA, on behalf of the Managers (as defined
below), of the greenshoe option granted by the Company in connection with the
IPO.

Today, the new ordinary shares have been legally and validly issued and have
been registered with the Norwegian Register of Business Enterprises. Following
the share capital increase, the Company’s share capital is NOK 441,623,045
divided into 53,372,566 ordinary shares and 123,276,652 B-shares, each with
nominal value of NOK 2.50.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Mons Aase, CEO DOF Group ASA
Phone: +47 91 66 10 12
E-mail: Mons.Aase@dof.com

Svein Harald Øygard, Chairperson DOF Group ASA
Phone: +47 90 02 40 09
E-mail: sveinharaldoygard@gmail.com

About DOF Group ASA

With a multi-national workforce of about 4,000 personnel, DOF Group 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 over 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 to
Subsea 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 in Norway, the UK, the USA,
Singapore, Brazil, Argentina, Canada, Angola, and Australia.

Kilde