Update on merger process with Prosafe - competition process

Reference is made to press release published on 5th September. Floatel has been informed by the Competition and Markets Authority (CMA) in the UK that they will refer the merger to Phase 2.

Floatel confirms that the parties will apply for a three-week extension in order to evaluate whether to enter Phase 2.

For further information, please contact:

Peter Jacobsson, CEO, Floatel International AB – Tel: + 46 31 352 07 00;

Mob: +46 76 856 36 18