DOFSUB: Summons for bondholders' meetings in the DOF Subsea AS bond issues

Reference is made to DOF ASA's ("DOF ASA" and together with its subsidiaries the "Group") previous announcements regarding (i) the agreement reached with a substantial group of financial creditors and certain other stakeholders (the "Restructuring Agreement"), (ii) the alternative implementation steps described in the Restructuring Agreement and (iii) the agreement entered into between the administrator of the bankruptcy estate of DOF ASA and the financial creditors of the Group.

Following the commencement of bankruptcy of DOF ASA, the parties to the Restructuring Agreement have agreed certain changes to the Restructuring previously approved by the bondholders in the DOFSUB07, DOFSUB08 and DOFSUB09 bond issues (each a "Bond Issue" and collectively the "Bond Issues"), the implementation of which are subject to a requisite majority of the bondholders in each Bond Issue supporting these changes.

DOF Subsea AS has requested Nordic Trustee AS to summon bondholders' meetings in the three Bond Issues to consider the approval of the proposed changes to the Restructuring and the alternative implementation steps. The proposal is further described in the attached summons to the bondholders' meetings in each of the Bond Issues.

>>> Summons to Bondholders’ Meeting (PDF)

For further information, please contact:
CEO Mons Aase, tel. +47 91 66 10 12
CFO Martin Lundberg, tel. +47 91 62 10 57

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

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