Ålesund 02.05.2024

Reference is made to the notice of annual general meeting Golden 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
on 16 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 of NOK 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 with NOK 8 from NOK
501,689,872 to NOK 501,689,880 with effect from the registration of the share
capital increase in the Norwegian Register of Business 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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