Ålesund02.05.2024 Reference is made to the notice of annual general meetingGolden Energy Offshore Services AS (the "Company") published today, where it is proposed, among other things, to convert the Company to a public limited liability company and a reverse share split due to the contemplated uplisting of the Company's shares from Euronext Growth Oslo to Oslo Børs. The annual general meeting shall be held on16 May 2024 . In order to have a sufficient number of shares that corresponds with the proposed reverse share split, the Board of Directors has pursuant to an authorization granted by the Company's annual general meeting in 2023, resolved to issue 8 new shares in the Company. Per Ivar Fagervoll, CEO, subscribed for the 8 new shares at a price of 1.875 per share, which implies a total consideration ofNOK 15 . Per Ivar Fagervoll will also provide the additional number of shares required to carry out the reverse share split, without compensation. The share issue will increase the Company's share capital withNOK 8 fromNOK 501,689,872 toNOK 501,689,880 with effect from the registration of the share capital increase in theNorwegian Register ofBusiness Enterprises . Please see attached primary insider notification form pursuant to MAR article 19. For further queries, please contact: Per Ivar Fagervoll CEO Email: pif@geoff.no Phone: +47 97428884
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