Reference is made to the stock exchange release onDecember 12th regarding the sale of Standard Supplier ("Vessel"). The sale was expected to be completed bymid-January 2024 .Standard Supply AS ("Company") has received a notice of cancellation from the Buyer due to the Company not being in a position to deliver the Vessel according to the Memorandum of Agreement ("MOA") following ongoing repair of the Azimuth thruster. Standard Supplier will therefore remain in the Company's ownership. The Vessel has been off hire since late October due to repair on an Azimuth thruster, but is expected to return on hire on or aboutJanuary 22nd . The Vessel is chartered toBP UK at a rate of c.USD 23,500 toJune 2024 , with options for another three months reflecting the downtime. The Company completed the sale of the two large-sized PSVs Standard Viking and Standard Defender onDecember 12th and the four mid-sized vessels onDecember 29th . As previously communicated, following the mentioned sales the intention is to return capital to shareholders. An update on the timing of these distributions will be given as part of the fourth quarter 2023 report onFebruary 15th . ENDS For further information, please contact: CEOEspen L. Fjermestad at +47 95 20 44 93 Chairman of the Board Martin Nes at +47 92 01 48 14
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