DOF Group ASA - awarded cable replacement contract by Statnett. DOF Group ASA ("DOF") is pleased to announce that it has been awarded a Substantial* contract by Statnett, Norway's transmission system operator, for the replacement of high-voltage subsea power cables across Ofotfjorden in the north of Norway. The project comprises partial removal of ageing subsea power cables between Lødingen and Barøya, and the installation of four new 170kV submarine cables bundled with fibre optic lines. The campaign includes bundled cable laying in water depths ranging from 10m to 450m. Main execution is planned between May and September 2027 totalling approximately 40 days from a high-capacity construction vessel in DOF's fleet, supported by preparatory survey, logistics and onshore works throughout 2026 and 2027. Mons S. Aase, DOF Group ASA CEO, comments: "We are proud that Statnett has placed its confidence in DOF for this critical infrastructure project. The Ofotfjorden cable replacement is a comprehensive scope that plays directly to our strengths: engineering capability, subsea execution, and seamless integration of vessels, equipment, and our specialist teams. This award reinforces our track record within power cable installation and demonstrates the market's trust in DOF as a reliable partner for complex subsea operations. We look forward to working closely with Statnett to deliver a safe, efficient, and high-quality project for Norway's electricity network." Preparatory works including project management, engineering and procurement starts immediately from DOF's Norwegian and Scottish offices. *DOF defines a Substantial contract as a contract with value between USD 25 and 50 million. Contact information: Eirik Vardøy, Investor Relations DOF Group ASA Phone: +47 94 83 64 64 March 25, 2026

DOF Group wins contract for Hammerhead FPSO project in Guyana. DOF's North America subsea team will handle the management of project activities including engineering, procurement, logistics and installation. DOF Group has been awarded a contract by MODEC Guyana to deliver mooring pre-lay services for the Hammerhead floating production storage and offloading (FPSO) project in Guyana. The Norwegian offshore supply shipping company did not disclose the contract value but said it is a "large turnkey" award. The project management, engineering, procurement, logistics and installation activities will be managed by DOF's North America subsea team. Partner content. Two-way digital radios have become the industry standard for effective communication. Overtaking analogue radios, digital radios provide higher channel capacities so sites do not have to worry about radio traffic, wide signal ranges that can be further increased with the... DOF said that offshore operations pertaining to the contract are set to commence between the second and third quarters of 2027 (Q2 and Q3 2027). For this work, the company will utilise the Skandi Implementer and Skandi Skansen vessels for pile installation and mooring line installation, respectively. DOF CEO Mons S. Aase said: "I am pleased to see how DOF is increasingly recognised as global turnkey contractor combining our in-house expertise in subsea and mooring installation with the top-of-the-class assets." MODEC is responsible for the full engineering, procurement, construction and installation scope to develop the FPSO vessel for the Hammerhead project under a contract awarded by ExxonMobil Guyana in September 2025. US tariffs are shifting - will you react or anticipate? Don't let policy changes catch you off guard. Stay proactive with real-time data and expert analysis. The award comes just days after ExxonMobil's announcement of a final investment decision on the $6.8bn offshore project, having secured all the necessary regulatory approvals. The Hammerhead FPSO is currently under construction and will operate at a water depth of 1,025m using a SOFEC Spread Mooring system. This vessel is MODEC's second FPSO in Guyana following the construction of the Errea Wittu for ExxonMobil's Uaru project. The FPSO for the Hammerhead project will have a storage capacity of 1,600,000 barrels and is designed to produce 150,000 barrels of oil per day. It will also handle produced water reinjection at a rate of 340,000 barrels of water per day. First oil production from the FPSO is expected in 2029. As the seventh project on the Stabroek block, the Hammerhead project will encompass 18 production and injection wells. ExxonMobil Guyana operates the Stabroek block and holds a 45% interest, while Chevron and CNOOC Petroleum Guyana hold stakes of 30% and 25%, respectively.

DOF Group secured $140m in financing for a newbuilding.