Ålesund, 18 May 2026 

Clear Ocean Partners ("COP") and Pelagic Partners ("Pelagic"), the two largest
shareholders of Golden Energy Offshore Services ASA (the "Company", together
with its consolidated subsidiaries "the Group"), today announce that they have
initiated a strategic review relating to their investment in the Company. 

As part of the strategic review, COP and Pelagic will evaluate a broad range of
options including potentially a sale of their shareholding in the Company and/or
other strategic transactions.

In connection with the strategic review, COP and Pelagic have engaged Clarksons
Securities AS as financial advisor and Wikborg Rein Advokatfirma AS as legal
advisor.

There can be no assurance that the strategic review will result in any
transaction or other outcome. COP and Pelagic undertake no obligation to provide
further updates regarding the strategic review unless required pursuant to
applicable law or regulation.

Contact:

For COP
Jake Scott
+1 203-644-5499
jscott@clearoceanpartners.com

For Pelagic
Atef Abou-Merhi
+357 25 584 600
atef@pelagic-partners.com

This information is considered to include inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Per Ivar Fagervoll, CEO, on 18 May 2026, at 09:10
(CEST).

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. 

Forward-Looking Statements

All statements in this press release other than statements of historical fact
are forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict and are based upon
assumptions as to future events that may not prove accurate. Actual results may
differ materially from those expected or projected in the forward-looking
statements. The Company undertakes no responsibility or obligation to update or
alter forward-looking statements.
bility or obligation to update or\
alter forward-looking statements.\