Floatel International converts letter of intent to firm contract for MSU Floatel Triumph

Oslo, October 7, 2026

Floatel International is pleased to announce that the letter of intent, announced on August 27, 2026, for Floatel Triumph to provide Maintenance and Safety Unit (MSU) services offshore Brazil has been converted into a firm contract.

This MSU assignment has a duration of four months, with options to extend the contract by up to four months. The scheduled commencement is in mid Q1 2027.

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For further information, please contact:

Peter Jacobsson, CEO, +47 934 00 232 Tomas Hjelmstierna, CFO, +47 934 00 381 Tel: +47 46 50 01 33

Email: ir@floatel.no

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

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About Floatel International Ltd Floatel International Ltd was founded in 2006 to meet the growing demand for next-generation offshore accommodation vessels. The Company's vision is to own and operate a modern, safe, and reliable flotel fleet. Since 2021, the Company's principal place of business has been in Norway.

The Floatel Group operates a fleet of four semisubmersible accommodation units delivered between 2010 and 2016. Floatel Endurance and Floatel Superior are approved for operations in the Norwegian sector. The entire fleet is approved for operations in the UK sector and elsewhere in the world.

The Group employs approximately 400 personnel globally, including offshore staff.

All flotels are equipped with dynamic positioning systems and comply with the latest health, safety, and environmental standards, ensuring quality and comfort for onboard personnel. Accommodation capacity ranges from 440 to 560 beds. Each flotel includes large deck areas, workshops, and crane support, enabling them to handle complex offshore hook-up projects as well as maintenance and modifications of existing offshore installations.

The Company's senior secured bonds are listed on Oslo Børs under the ticker code FLOAT07.

For more information, visit: https://floatel.no.