DOF Group ASA ("DOF") is pleased to announce the award of two contracts in the APAC region.

The first is for a three-year frame agreement for the provision of subsea inspection, maintenance and repair services with associated assets in the APAC region.  A call off under the contract has also been confirmed and will utilise DSV Skandi Singapore and all related diver-less subsea services on a brownfield tieback campaign scheduled to be conducted in H1 2026.

The second is for a hook-up campaign which will utilise MPSV Skandi Hercules with the work also scheduled to be conducted in H1 2026.

Both contracts include the provision of DOF's full suite of in-house project management, engineering, procurement and logistics support services.  The combined duration of the two offshore campaigns is estimated to be between 90 and 120 days.  The combined value of the two contract is `Substantial' which DOF defines as contracts with a value of USD 25M - 50M.

Mons S. Aase, CEO DOF ASA, comments: "We look forward to delivering safe, efficient, world class subsea and marine services, further enhancing our reputation as a trusted partner in the APAC region".

Contact information:

Eirik Vardøy, Investor Relations DOF Group ASA

Phone + 47 94 83 64 64