Completion of Up-Front Injection and Amended and Restated Bond Terms

Reference is made to the previous announcements published by Geoquip Marine Services p.l.c. ("Geoquip Marine” or the "Company") on 31 August 2026 and 10 September regarding, respectively: (i) its Summons for a written resolution to the bondholders of the Company's senior secured bonds issued by it on 1 April 2025 with ISIN NO0013511121 (the “Bonds”); and (ii) the voting and adoption of the Proposal (as defined in the Summons) by which the Bond Trustee was authorised to take the necessary actions to implement the Proposal.

As contemplated by the Proposal, the Company now confirms that its Parent has received the Up-Front Injection, and that on 28 September 2026 the Company completed its transaction to enter into an amendment and restatement agreement regarding the Bonds, incorporating amended and restated bond terms (“ARA”). The Effective Time under the ARA occurred on the same date.

The Company continues to work with the Bond Trustee to deliver conditions subsequent under the ARA.

For further details, please see attached the ARA.

CONTACTS

• Rune Olav Pedersen (CEO): communications@geoquip-marine.com • Philipp Martens (CFO): communications@geoquip-marine.com

ABOUT GEOQUIP MARINE

Geoquip Marine is a global provider of offshore geotechnical data acquisition, analysis and engineering solutions, supporting the development of offshore energy and critical marine infrastructure projects worldwide. Our specialist vessels, seabed testing systems and laboratories deliver the high-quality geotechnical data required to enable safe, efficient and cost-effective offshore developments.