DOF Group ASA ("DOF") is pleased to announce two contracts for two subsea construction projects for two international oil companies in the Gulf of Mexico. Skandi Implementer, which recently departed Mexico following contract termination after payment default from a client, will be deployed for the projects. Total expected duration for the projects is approximately two months in total.

The vessel will complete the integration of survey services and two of DOF's ROVs in late February before starting the project mobilization.

Mons Aase, CEO DOF Group ASA, said "We are pleased to be able to quickly secure work for Skandi Implementer following the recent contract termination. Beyond contributing with asset utilization and backlog, these contract awards represent advancing another of our I-class vessels into our subsea project business in line with our plan to add subsea service scopes to our most recent additions to the fleet through the DOF Denmark transaction."

For further information, please contact:

Eirik Vardøy, Investor Relations DOF Group ASA

Phone: +47 94 83 64 64