PLACEMENT OF A NEW UNSECURED BOND ISSUE (12/07/2010)

DOF ASA has successfully placed an unsecured bond with size NOK 950 million and maturity July 2013. The bond loan will be sought listed on the Oslo Stock Exchange.

DOF has also bought back bonds with face value NOK 662.5 million in the existing bond loan DOF06 (maturity June 2011), at a price of 104.33%. Remaining amount outstanding in DOF06 is after this NOK 312.5 million.

Through these transactions, DOF has raised net cash proceeds of approximately NOK 240 million and achieved a significantly better balanced debt maturity profile. The cash proceeds raised will be used for general corporate purposes including refinancing of debt.
 
Pareto Securities was the sole arranger of the bond issue.
For further information, please contact:

DOF ASA
Mons Aase, phone +47 91 66 10 12

Pareto Securities
Inge Edvardsen, phone +47 22 87 87 71
 
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