NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY
OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL.
 
Reference is made to the stock exchange notice of 27 September 2023 by Golden
Energy Offshore Services AS (the "Company") regarding the private placement of
359 million new shares (the "Private Placement") in the Company at a fixed
subscription price of NOK. 1.00 per share (the "Offer Price").

Subject to completion of the Private Placement and certain other conditions, the
Company's Board has resolved an intention to carry out a subsequent offering
(the "Subsequent Offering") of new shares at the Offer Price which, subject to
applicable securities law, will be directed towards existing shareholders in the
Company as of 27 September 2023 (as registered in the VPS two trading days
thereafter), who (i) were not allocated Offer Shares in the Private Placement,
and (ii) are not resident in a jurisdiction where such offering would be
unlawful or, would (in jurisdictions other than Norway) require any prospectus,
filing, registration or similar action (the "Eligible Shareholders"). The
Eligible Shareholders will be granted non-tradable subscription rights. 

The following key information is given with respect to the Subsequent Offering:

o	Date on which the terms and conditions for the subsequent offering were
announced: 27 September 2023

o	Last day of trading in GEOS shares including subscription right: 27 September
2023

o	Ex. date: 28 September 2023

o	Record date: 29 September 2023

o	Date of approval: 12 October 2023 (Extraordinary general meeting)

o	Maximum number of new shares to be issued: 70,000,w000

o	Subscription price: NOK 1.00 per share

The Subsequent Offering is subject to, among other things, (i) completion of the
Private Placement, (ii) relevant corporate resolutions including approval by the
EGM, (iii) prevailing market price of the Company's shares being higher than the
Offer Price, and (iv) publication of a national prospectus pursuant to section
7-9 of the Norwegian Securities Trading Act. The Company reserves the right in
its sole discretion to not conduct or cancel the Subsequent Offering. 

The subscription period in the Subsequent Offering will, subject to the above
conditions, commence shortly after registration and publication of a national
prospectus pursuant to section 7-9 of the Norwegian Securities Trading Act.

Arctic Securities AS, Fearnley Securities AS and Pareto Securities AS are acting
as Joint Bookrunners in the Private Placement and the Subsequent Offering. 


For further information, please contact:
Per Ivar Fagervoll
pif@geoff.no
Mobile: + 47 974 28 884



This information is published in accordance with the requirements of the
Continuing Obligations and section 5-12 of the Norwegian Securities Trading Act.

This announcement is not and does not form a part of any offer for sale of any
securities, and is not for release, publication or distribution, directly or
indirectly, in the United States, or any other jurisdiction in which such
distribution would be unlawful or would require registration or other measures.
Securities may not be sold in the United States absent registration with the
United States Securities and Exchange Commission or an exemption from
registration under the U.S. Securities Act of 1933, as amended. The Company does
not intend to register its securities in the United States.

The distribution of this announcement into jurisdictions other than Norway may
be restricted by law. Persons into whose possession this announcement comes
should inform themselves about and observe any such restrictions. Any failure to
comply with these restrictions may constitute a violation of the securities laws
of any such jurisdiction. This announcement has not been approved by any
regulatory authority.