Reference is made to previous stock exchange announcements regarding the subordinated convertible bond loan issued by DOF ASA ("DOF" or the "Company") on 5 August 2016 (the "Subordinated Convertible Bond").
 
Bondholders in the Subordinated Convertible Bond have in accordance with the terms and conditions of the Subordinated Convertible Bond requested to convert bonds with an aggregate nominal value of NOK 137,500,000 to new shares in the Company.
 
As a result, the share capital of the Company has today, 11 August 2016, been increased with NOK 68,750,000 by issuance of 137,500,000 new shares, each with a nominal value of NOK 0.50, at the conversion price of NOK 1.00 per share. Following the share capital increase, the Company's share capital is NOK 654,210,600, divided into 1,308,421,200 shares, each with a nominal value of NOK 0.50.
 
The new shares will be registered on the respective bondholders' VPS accounts and be tradable on the Oslo Stock Exchange from and including 12 August 2016.
 
Following the conversion and the cancellation of the bonds repurchased by the Company earlier this week, the new outstanding amount under the Subordinated Convertible Bond will be NOK 686,140,482.
 
For further information, please contact:
CEO Mons Aase, tel. +47 91 66 10 12
CFO Hilde Drønen, tel. +47 91 66 10 09