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Regulatory press release

Moreld AS: Extension of Ocean Installer's charter party with North Sea Shipping

Moreld
Stavanger, 12 February 2025: Ocean Installer AS ("Ocean Installer"), a wholly
owned subsidiary of Moreld AS ("Moreld"), has today exercised an option to
extend the charter party of the vessel "North Sea Giant" (the "Charter Party")
with the vessel's shipowner North Sea Shipping AS ("NSS") until the end of the
first quarter of 2027. In addition to an existing one-year extension option,
Ocean Installer and NSS have agreed to a new 18-month extension option, which
allows Ocean Installer to extend the Charter Party until the fourth quarter of
2029.


For more information, please contact:

CEO Geir Austigard
Telephone: +47 992 47 500
Email: Geir.austigard@moreld.com

CFO Trond Rosnes
Telephone: +47 404 14 494
Email: Trond.rosnes@moreld.com


About Moreld

Moreld is an industrial multi-disciplinary engineering group offering full-scope
services across the offshore energy and marine industries including subsea
installations. The group comprises Moreld Apply, Ocean Installer and Global
Maritime. Moreld is a major player on the Norwegian continental shelf with an
international footprint. The Group is located in 19 countries, giving access to
all major offshore markets, and has over 2,800 employees and contractors. For
more information, please visit https://moreld.com/.


This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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