Summons to Bondholders' Meeting

Reference is made to the stock exchange announcement by DOF Subsea AS dated 27 November 2017 regarding the proposed refinancing.  
Please find enclosed Summons to Bondholders' Meeting, requesting amendment of the Bond Agreement for "FRN DOF Subsea AS Senior Unsecured Bond Issue 2013/2018".
The bondholders are asked to approve an extension of the maturity of the bond loan from currently May 2018 to October 2019 for NOK 100 million of the bond loan and May 2020 for the remaining NOK 408 million of the bond loan, at an annual interest rate of NIBOR + 7%.
For further information, please contact:
Mons S. Aase, CEO, DOF Subsea, tel. +47 91 66 10 12
Marianne Møgster, SVP Finance, DOF Subsea, Tel: 99 30 69 16

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