Bermuda, March 22, 2023: Reference is made to the press release published by
Cool Company Ltd. ("CoolCo" or the "Company") on February 20, 2023 regarding the
announcement that the Company had entered into an agreement to sell the Golar
Seal (IMO: 9624914) (the "Vessel") for $184.3 million.

CoolCo announces today that it has completed the sale and delivered the Vessel
to the buyer. 

ABOUT COOLCO
CoolCo is a growth-oriented owner, operator and manager of fuel-efficient
liquefied natural gas ("LNG") carriers. Using its integrated, in-house vessel
management platform, CoolCo provides charterers and third-party LNG vessel
owners with modern and flexible management and transportation solutions,
delivering a lesser-emitting form of energy that supports decarbonization
efforts, economic growth, energy security, and improvements in quality of life.
CoolCo intends to leverage its industry relationships to make further accretive
acquisitions of in-service LNGCs, and to selectively pursue newbuild
opportunities.

Additional information about CoolCo can be found at www.coolcoltd.com.
For further information, please contact:

ir@coolcoltd.com

This information is subject to the disclosure requirements in Regulation EU
596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities
Trading Act.