Floatel International Ltd: Contract Extension

The Company is pleased to announce that the contract with Equinor Energy AS for Floatel Superior has been extended.

Floatel Superior will provide services at the Grane field (Breidablikk Project) on the Norwegian continental shelf until March 31, 2023.

Equinor has the option to further extend the charter.

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