Postponement of Capital Reduction and Cash Distribution

Ålesund, 22 July 2026:

Golden Energy Offshore Services ASA ("GEOS" or the "Company") refers to the stock exchange releases published on 20 July 2026 in connection with the contemplated capital reduction by way of reducing the par value of each of the Company’s shares from NOK 8.00 to NOK 1.00, with (i) a cash distribution per share of NOK 4 (the “Cash Distribution”) and (ii) the remaining reduction amount to be transferred to “other paid-in equity” in the Company’s books.

Due to technical issues, the registration of the capital reduction with the Norwegian Register of Business Enterprises will not be completed on 22 July 2026 as expected. Accordingly, the Company’s shares will not trade exclusive of the right to the Cash Distribution from tomorrow 23 July 2026.

The Company will publish updated key information relating to the Cash Distribution, including ex-date and expected time of payment, in a separate stock exchange when the technical registration issues have been solved.

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

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For further information, please contact:

Per Ivar Fagervoll CEO pif@geoff.no Mobile: +47 974 28 884

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