Ålesund 20 July 2022
 
Golden Energy Offshore Services AS (GEOS/ Company) refer to previous announced
finance updates. GEOS are pleased to inform that loan agreement has been signed
by all parties today.
Drawdown of the loans remain subject to certain condition president which are
expect to be satisfied shortly.

GEOS will upon successful drawdown be fully financed.
 
Payment to ROC and transfer of title to GEOS on the vessels Energy Empress and
Energy Duchess are expected to take place as soon as all parties are ready to
consume this transaction. All parties are now working towards completion on
Friday 22nd of July 2022 - however there is an understanding between the parties
that consummation may be postponed to early next week.
 
The Company will continue to update in accordance with its reporting
obligations.
 
For further information please contact
 
Per Ivar Fagervoll 
CEO 

email pif@geoff.no 
Phone +47 97428884