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Oct272017

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DOF ASA News

Change in shareholding DOF ASA

Møgster Offshore AS, related party to the Chairman of the Board of DOF ASA, Helge Møgster, and Perestroika AS, related party to Frederik W. Mohn, Director of DOF ASA, have entered into an agreement whereby Perestroika AS, as part of a capital increase in Møgster Offshore AS has transferred its 138 500 000 shares in DOF ASA to Møgster Offshore AS as contribution in kind in the capital increase in Møgster Offshore AS. The Perestroika shares in DOF ASA are priced at NOK 1 per share.

Møgster Offshore AS will after this transaction own 945 376 050 shares in DOF ASA representing 58,02% of the share capital today and 47,40% on a fully diluted basis. Perestroika AS will after this transaction not own any shares or shareholder rights in DOF ASA.

Helge Møgster as Chairman of the Board of DOF ASA and Møgster Offshore AS states that the basis for this agreement is to strengthen the industrial ownership Møgster Offshore AS has in DOF ASA.
 
The above information is mandatory according to the Securities Trading Act section 5-12.