January 6, 2026 
London, UK

Reference is made to the stock exchange announcement published by Cool Company
Ltd. ("CoolCo" or the "Company") (NYSE: CLCO / CLCO.OL) earlier today,
announcing that, following approval by a special general meeting of its
shareholders of the previously announced proposed merger of CoolCo with a newly
formed, wholly owned subsidiary of EPS Ventures Ltd. ("EPS"), all conditions
precedent to the completion of the merger have been satisfied (the
"Announcement").

Upon completion of the merger, EPS will, through its subsidiaries, acquire all
CoolCo common shares not already held by EPS at the merger consideration of
$9.65 per CoolCo common share, or, per common share listed on Euronext Growth
Oslo, the Norwegian kroner equivalent of $9.65, as further detailed in the
Announcement.

EPS is a close associate of Cyril Ducau, Chair of the Board of the Company, and
Joanna Zhou, Director of the Company. 

Please see attached notification form in accordance with the Market Abuse
Regulation article 19.

This announcement is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the requirements under Article
19 of Regulation EU 596/2014 (the EU Market Abuse Regulation).