Bømlo, 24 March 2023: Reference is made to the stock exchange notice from
Eidesvik Offshore ASA (OSE: EIOF) ("EIOF" or the "Company") published on 2 March
2023, regarding the successfully placed private placement of 10,833,333 shares
in the Company (the "Private Placement"), at a subscription price of NOK 12.00
per share (the "Subscription Price").

Following approval of the Private Placement by the extraordinary general meeting
of the Company on 24 March 2023, the following persons discharging managerial
responsibilities and their close associates have been allocated and subscribed
for Offer Shares at the Offer Price:

o Eidesvik Invest AS, the Company's largest shareholder and a close associate of
the Company's board members Borgny Eidesvik, Lars Eidesvik and Lauritz Eidesvik,
and board observer Kjetil Eidesvik, was allocated 6,484,833 Offer Shares. In
addition, Eidesvik Invest AS will lend 4,348,500 shares to Pareto Securities AS
(the "Manager") in order to facilitate DVP settlement of the Private Placement
to other investors than Eidesvik Invest AS who were allocated shares in the
Private Placement.

oVest-Norsk Handelskompani AS, a close associate of the Company's board member
Kristine Elisabeth Skeie, was allocated 166,666 Offer Shares.

Please see the enclosed forms for further details about the transactions.

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.