Floatel International Ltd: Contract Award

Oslo, January 5, 2024

In respect of the previously published letter of intent with an undisclosed client, the Company is pleased to announce that the Victory has now been awarded an assignment to provide Maintenance and Safety Unit (MSU) support alongside Peregrino Floating Production Storage and Offloading Unit (FPSO) offshore Brazil.

The MSU assignment is for fifteen months with a commencement date on site in the second quarter 2024. Option to extend the assignment after the firm period has been granted.

For further information, please contact:

Peter Jacobsson, CEO

Tel: +47 46 50 01 33; Mob: +47 934 00 232

Tomas Hjelmstierna, CFO

Tel: +47 46 50 01 33; Mob: +47 934 00 381