Floatel International Ltd - Successful placement of super senior bonds

Floatel International Ltd has successfully completed a new super senior bond issue of USD 100 million, carrying a coupon of 11.25%. Net proceeds from the super senior bond issue will be used to refinance the existing Super Senior RCF and for general corporate purposes.

An application will be made for the bonds to be listed on Nordic ABM.

DNB Markets, a part of DNB Bank ASA, and Pareto Securities AS acted as Joint Bookrunners in connection with the placement of the super senior bond issue.

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