Ålesund, 12 October 2023

Reference is made to the stock exchange announcement from Golden Energy Offshore
Services AS (the "Company") on 28 September 2023 regarding the successfully
placed private placement (the "Private Placement") of 359,073,900 new shares in
the Company (the "Offer Shares") at a subscription price of NOK 1.00 per share.
Reference is furthermore made to the approval of the share capital increase
pertaining to the Private Placement in the Company's extraordinary general
meeting held today.

Fleetscape 2 Luxembourg S.à r.l. ("Fleetscape"), subscribed for and was
allocated 138,022,400 Offer Shares in the Private Placement, each at the
subscription price of NOK 1.00. Fleetscape's total subscription amount in the
Private Placement is accordingly NOK 138,022,400, whereof 35,583,900 shares
shall be paid by conversion of a USD 3,300,000 bridge loan facility already
provided by Fleetscape to the Company group.  Following completion of the
Private Placement, Fleetscape will own 195 796 161 shares equaling 41,25% of the
share capital of the Company.
 
Fleetscape is a fund managed by Oaktree Capital Management and closely
associated to Fredrik Ulstein-Rygnestad, member of the board of directors of the
Company.

Please see attached notification form in accordance with the Market Abuse
Regulation article 19.

For further information, please contact: 

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

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This information is subject to the disclosure requirements pursuant to MAR
article 19 and section 5-12 of the Norwegian Securities Trading Act.