Floatel International Ltd: Contract Extension

The Company is pleased to announce that Equinor Energy AS has extended the contract for Floatel Superior.

The rig will continue to provide offshore accommodation services at the Grane field (Breidablikk Project) until December 31, 2022.

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