London, UK - November 4, 2025 

COOL COMPANY Ltd. ("CoolCo" or the "Company") (NYSE: CLCO / CLCO.OL) has
announced today that it has established a record date of November 13, 2025 for a
special meeting of its shareholders. At the special meeting, the date of which
will be announced in due course, the Company's shareholders will vote on the
previously announced proposed merger of CoolCo with a newly formed, wholly owned
subsidiary of EPS Ventures Ltd. CoolCo shareholders of record at the close of
business on November 13, 2025 will be entitled to receive notice of the special
meeting and to vote at the special meeting.

A copy of the notice and associated information will be distributed to
shareholders by normal distribution methods prior to the meeting and will also
be made available on the website maintained by the SEC at www.sec.gov, and the
Company's website at www.coolcoltd.com.

ABOUT COOLCO
CoolCo is an LNG Carrier pure play with a fleet of 13 vessels and a
well-balanced portfolio of short- and long-term charters with the world's
leading oil & gas, trading, and utility companies. In addition to organic growth
from two newbuilds delivered in Q4 2024 and Q1 2025, CoolCo's strategy includes
ongoing assessment of growth opportunities through vessel acquisitions and
potential consolidation in the fragmented LNG market. Through its in-house LNG
transportation and infrastructure management platform, CoolCo operates its own
vessels and provides management services to third-party owners. The company
benefits from the scale and support of Eastern Pacific Shipping, an affiliate of
its largest shareholder and the owner of one of the world's largest independent
shipping fleets. This affiliation strengthens CoolCo's strategic position with
shipyards, financial institutions, and deal flow access. CoolCo is committed to
supporting global decarbonization and energy security. As part of its LNGe
upgrade program, the company aims to reduce emissions by 10-15%, contributing to
a fleet-wide emissions reduction target of 35% from 2019 to 2030.

Additional information about CoolCo can be found at www.coolcoltd.com.

FORWARD LOOKING STATEMENTS
This press release and any written or oral statements made by us in connection
with this press release include forward-looking statements. In some cases, you
can identify forward-looking statements by terminology such as "aim,"
"anticipate," "assume," "believe," "contemplate," "continue," "could," "due,"
"estimate," "expect," "goal," "intend," "may," "objective," "plan," "predict,"
"potential," "positioned," "seek," "should," "target," "will," "would" and other
similar expressions that are predictions of or indicate future events and future
trends, or the negative of these terms or other comparable terminology, although
not all forward-looking statements contain these words. All statements contained
in this press release that do not relate to matters of historical fact should be
considered forward-looking statements, including but not limited to, statements
regarding the proposed transaction (the "Transaction"), including the expected
timing of the closing of the Transaction