Ålesund 16.05.2024

Reference is made to the stock exchange notices dated 23 April 2024 regarding
that Blue Ocean GEOS MI LLC ("Blue Ocean") had entered into a binding share
purchase agreement to acquire 195,796,161 shares in Golden Energy Offshore
Services AS ("GEOS") from funds managed by Oaktree Capital Management, L.P. for
a total consideration of USD 39,500,000.
 
The transaction was completed today and Blue Ocean has accordingly become the
owner of 195,796,161 shares in GEOS, representing approximately 39.03% of the
issued share capital in GEOS.

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