Bermuda, March 10, 2023: Reference is made to the press release published by
Cool Company Ltd. ("CoolCo" or the "Company") on February 14, 2023, regarding
the Company's public filing of a registration statement with the U.S. Securities
and Exchange Commission ("SEC") to list its common shares on the New York Stock
Exchange ("NYSE").

The U.S. regulatory review process has concluded. Following this, the Company
has filed an acceleration request asking the SEC to declare its registration
statement effective on March 14, 2023. 

In connection with the listing of the Company's shares on the NYSE and to
facilitate the transfer of the Company's shares between the NYSE and Euronext
Growth Oslo, the Company will amend the registration structure for its shares
(the "Reregistration Process"). A trading suspension of the Company's shares
will be required in connection with the Reregistration Process (the "Trading
Suspension"). Further, the Company will change its ticker code on Euronext
Growth Oslo from "COOL" to CLCO" when trading resumes following the Trading
Suspension. The Company is currently finalizing administrative processes in
relation to the Reregistration Process. Once these processes are concluded, the
Company will confirm the dates for the expected Trading Suspension and the
listing date.

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
 

Forward-looking Statements
This press release contains forward-looking statements which include statements
with respect to the Company's planned listing on the NYSE, with the benefits of
our contemplated listing and plans with respect to amending the registration
structure for our shares, including a planned suspension of trading and the
expected timing thereof, our business and other non-historical statements. 
Forward-looking statements are typically identified by words or phrases, such as
"about", "believe," "expect," "plan," "goal," "target," "strategy," and similar
expressions or future or conditional verbs such as "may," "will," "should,"
"would," and "could." Forward-looking statements are based on our current
estimates or expectations of future events or future results and are subject to
risks and uncertainties and actual results could differ materially from those
indicated by these statements. CoolCo's registration statement on Form 20-F
publicly filed with the SEC on March 7, 2023, including the section captioned
"Risk Factors," contains additional information about factors that could affect
actual results, including risks relating to our industry, business operations,
financing and liquidity, regulation and other risks described in the
registration statement.  The forward-looking statements included in this press
release are made and based on information available at the time of the release,
and the Company assumes no obligation to update any forward-looking statement.

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.