Ålesund 18.05.2026

Golden Energy Offshore Services ASA (the "Company", together with its
consolidated subsidiaries, "the Group") has today published an updated company
presentation (the "Company Presentation").

The Company Presentation includes selected preliminary unaudited financial
information relating to the first quarter of 2026 and April 2026, and the
Group's current pro forma financial position as of 11 May 2026. These figures
are set out below and subject to change without further notice. The Group
expects to publish its first quarter 2026 financial results on 29 May 2026.

Selected figures for Q1 2026:
o	Fleet utilisation: Approximately 84% 
o	Average time charter equivalent (TCE): Approximately USD 12,300 per day

Selected figures for April 2026:
o	Fleet utilisation: Approximately 98% 
o	Average time charter equivalent (TCE): Approximately USD 19,000 per day 

Selected pro forma figure as of 11 May 2026, reflecting the completed sales of
three vessels:
o	Outstanding debt: Approximately USD 46 million

The Company Presentation is attached hereto and available under the Investor
section at www.geoff.no.

Contact:

Per Ivar Fagervoll
CEO
pif@geoff.no
Mobile: + 47 974 28 884 

About Golden Energy Offshore Services ASA

The Group is an offshore service company based in Ålesund, Norway. The Company
operates supply vessels to the offshore industry. The Group's fleet is used
within the Oil & Gas and Renewable Offshore industry. The Company is listed on
Euronext Growth Oslo in Oslo Stock Exchange under the ticker 'GEOS'. For more
information, please visit https://www.geoff.no/investors-geos. 

This information is subject to the disclosure requirements pursuant to the
Norwegian Securities Trading Act section 5-12 and the Euronext Growth Rule Book
part II.
Forward-Looking Statements

This announcement and the Company Presentation contains several forward-looking
statements relating to the business, future financial performance and results of
the Company and/or the industry in which it operates. In particular, this
announcement and the Company Presentation contains forward-looking statements
such as with respect to the Company's potential future revenues and cash flows,
the Company's equity and debt financing requirements and its ability to obtain
financing in a timely manner and at favorable terms. Forward-looking statements
concern future circumstances and results and other statements that are not
historical facts, sometimes identified by the words "believes", "expects",
"predicts", "intends", "projects", "plans", "estimates", "aims", "foresees",
"anticipates", "targets", and similar expressions. The forward-looking
statements contained in this announcement and the Company Presentation,
including assumptions, opinions and views of the Company or cited from third
party sources, are solely opinions and forecasts which are subject to risks,
uncertainties and other factors that may cause actual events to differ
materially from any anticipated development. None of the Company or any of its
subsidiary undertakings or affiliates, or any directors, officers, employees,
advisors or representatives provides any assurance that the assumptions
underlying such forward-looking statements are free from errors nor do any of
them accept any responsibility for the future accuracy of opinions expressed in
the announcement and the Company Presentation or the actual occurrence of
forecasted developments. All forward-looking statements attributable to the
Company or persons acting on its behalf apply only as of the date of this
announcement and are expressly qualified in their entirety by the cautionary
statements included elsewhere in this announcement and the Company Presentation.
ety by the cautionary\
statements included elsewhere in this announcement and the Company Presentation.\