Converts letter of intent to firm contract for MSU Floatel Victory

Floatel International is pleased to announce that the letter of intent, announced on February 25, 2026, for Floatel Victory to provide Maintenance and Safety Unit (MSU) services offshore Brazil has been converted into a firm assignment at the Equinor Brasil Energia Ltda Bacalhau field.

This MSU assignment has a duration of three months with possibility to extend if time permits. The scheduled commencement is mid-2026 after the Karoon assignment has been completed.

For further information, please contact:
Peter Jacobsson, CEO, +47 934 00 232
Tomas Hjelmstierna, CFO, +47 934 00 381
Tel: +47 46 50 01 33
Email: ir@floatel.no

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