Mandatory notification of trade in connection with Private Placement

About this update from Golden Energy Offshore Services Asa

Ålesund, 29 December 2025Reference is made to the stock exchange announcement made by Golden EnergyOffshore Services ASA (the "Company") on 12 December 2025 regarding thesuccessful placement of a private placement (the "Private Placement") of newshares in the Company. Further reference is made to the stock exchange announcement by the Companyearlier today where the Company published the minutes from the extraordinarygeneral meeting of the Company held earlier today where, amongst other things,the share capital increase pertaining the Private Placement was approved. The following primary insiders and/or close associates of primary insidershavebeen allocated and will be delivered shares in the Private Placement at theoffer price of NOK 8.00:o Clear Ocean GEOS MI LP (affiliate of Clear Ocean Partners), the largestshareholder of the Company with 39.03% of the current shares outstanding, acompany associated to the primary insiders Jake Scott (chairman of the board)and G. Andy Tuchman (board member) has been allocated 19,735,691 offer sharesinthe Private Placement.o Pelagic Investment Fund RAIF V.C.I.C. PLC (affiliate of PelagicPartners), thesecond largest shareholder of the Company with 23.63% of the current sharesoutstanding, and a company associated to the primary insider Atef Abou Merhi(board member), has been allocated 10,725,725 offer shares in the PrivatePlacement.o Per Ivar Fagervoll, the Company's CEO, has been allocated 1,981,264offershares in the Private Placement.o Vidar Skjong, Chief Technical Officer in the Company, has beenallocated 3,125offer shares in the Private Placement.Please see attached notification form in accordance with the Market AbuseRegulation (MAR) article 19 for more information.For further information, please contact:Per Ivar Fagervoll [email protected] Mobile: + 47 974 28 884***This information is subject to the disclosure requirements pursuant to MARarticle 19 and section 5-12 of the Norwegian Securities Trading Acthttps://newsweb.oslobors.no/message/662877

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