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DOF ASA: REFINANCING UPDATE

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As previously reported in DOF ASA’s (“DOF” or the “Company”) financial report for Q2 2019, the group experience that regular refinancing has been challenging.

DOF and its 65% subsidiary DOF Subsea AS (“DOF Subsea”) are on this basis in the process of finding a long-term refinancing solution, with a structure that is aligned with the current market environment. A long-term solution will involve all stakeholders, including shareholders, banks, and bondholders.

The DOF Group has an order backlog of NOK 20 billion per 30.06 2019.

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DOF Subsea is currently making progress in its

Source: DOF ASA: REFINANCING UPDATE

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