Sale of PSV Energy Partner

About this update from Golden Energy Offshore Services Asa

Ålesund 26.01.2026Reference is made to the stock exchange announcement by Golden Energy OffshoreServices ASA (the "Company") on 12 December 2025 where the Company informed ofits commitment to a near-term sale of minimum two vessels, subject to marketconditions. The Company also refer to the announcement of the sale of PSVEnergyEmpress on 23 January 2026.The Company is pleased to announce that its subsidiary Energy Partner AS hastoday signed a binding sales agreement for the PSV Energy Partner. Theagreementis based on the industry standard Saleform 2012 form and subject to ordinaryconditions for payment upon delivery.The gross sale price for PSV Energy Partner is agreed at USD 27.25 million(approximately NOK 265 million) and this sale is expected to be completedmedioFebruary 2026. Upon completion, the transaction will result in a booked gainofapproximately USD 6.5 million and is expected to generate net proceeds afterrepayment of the lease, break fees and transaction costs of approximately USD12.5 million (approximately NOK 122 million).These agreements reconfirm the value of the Company's modern quality fleetwhichafter the completion of the sale consists of MPSV Energy Duchess (sistervesselto MPSV Energy Empress), PSV Energy Paradise, PSV Energy Passion and PSVEnergyPace (sister vessels to PSV Energy Partner) and the 2005 built PSV EnergySwan.Upon completion of the two sales announced on Friday 23 January and today theCompany has sold two vessels for gross purchase price of approximately NOK 560million and the two sales will upon completion generate net proceeds in excessof NOK 260 million resulting in a solid cash position for the Company.For further information, please contact:Per Ivar [email protected]: + 47 974 28 884***This information is considered to include inside information pursuant to theEUMarket Abuse Regulation and is subject to the disclosure requirements pursuantto section 5-12 of the Norwegian Securities Trading Act. This stock exchangeannouncement was published by Per Ivar Fagervoll, CEO, on 14:20 (CET).https://newsweb.oslobors.no/message/664208

View stock analysis, news, and events for Golden Energy Offshore Services Asa