DOF Subsea AS contemplating the issuance of a new unsecured bond issue

DOF Subsea AS is contemplating the issuance of a new
unsecured bond issue in the Norwegian bond market
with maturity in April 2014. The contemplated bond
issue will have a minimum issue amount of NOK 650
million and a borrowing limit of NOK 1,000 million.

Net proceeds from the contemplated bond issue are to
be used to refinance existing bonds and for general
corporate purposes.

Arctic Securities, First Securities, Nordea Markets
and Pareto Securities have been retained as arrangers
of the new bond issue.

For further information, please contact:

Mons Aase, CEO
Tel: +47 91 66 10 12