Reference is made to the announcement made by Golden Energy Offshore Services AS
(the "Company") on 9 March 2022 regarding a contemplated private placement in
the Company (the "Announcement"). 
 
In order to facilitate the private placement, primary insider Per Ivar Fagervoll
has lent 1,773,332 shares to the Company under a share lending agreement.

The loan has now been settled through the Company issuing 1,773,332 new shares
to Per Ivar Fagervoll in accordance with the terms of the share lending
agreement. His total shareholding in the Company therefor remains as-is, i.e. he
holds a total of 1,773,332 shares in the Company.

Primary insider notifications pursuant to the Market Abuse Regulation article 19
are attached. 

For more information, please contact:

Per Ivar Fagervoll
CEO
Golden Energy Offshore
pif@geoff.no
+47 97 42 88 84