Floatel International Ltd: Contract Award

Oslo, August 1, 2023

The Company is pleased to announce that a major Australian operator has awarded the Group a contract in Australia for Floatel Triumph to provide accommodation and related services at its natural gas project located off the northwestern coast of Australia.

The charter will commence in early 2025 and with a firm period of 6 months plus options for the client to extend the charter. The work is anticipated to involve some 40-55 Australian offshore positions.

For further information, please contact:

Peter Jacobsson, CEO

Tel: +47 46 50 01 33; Mob: +47 934 00 232

Tomas Hjelmstierna, CFO

Tel: +47 46 50 01 33; Mob: +47 934 00 381