Floatel International Ltd: Fourth Quarter Interim Report and Presentation

Oslo – February 23, 2022 – Floatel International Ltd (“Floatel”) presents its consolidated financial statements for the fourth quarter of the financial year 2021.

Highlights:

• The fourth quarter fleet utilization was 42%. The total firm contract backlog (excluding options) is approximately USD 117 million as of December 31, 2021

• Floatel Superior completed its charter for Var Energi on October 6, 2021

• Floatel Triumph completed the charter for Shell in the Philippines at the end of November and started the charter for Ørsted on December 7, 2021

• Floatel Victory continued its charter for Equinor in Brazil to provide Maintenance and Safety Unit (MSU) services. Equinor has exercised the first option, so the firm period now ends on April 27, 2022

Management will host a conference call February 23, 2022 at 14.30 CET to present the results. Interested persons can register using the details provided on the website www.floatel.no. A replay will be available for 21 days following the presentation by using the link provided on the website after the conference call.

For further information, please contact:

Peter Jacobsson, CEO, Floatel International Ltd

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

Tomas Hjelmstierna, CFO, Floatel International Ltd

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

Download Q4-2021 Report here

Download Q4-2021 Presentation here