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Regulatory press release

SEA1: Order of Offshore Energy Support Vessels

Sea1 Offshore
Sea1 Offshore has entered into shipbuilding contracts with Cosco Shipping
(Qidong) Offshore Co. Ltd. for two high-end Offshore Energy Support Vessels. The
vessels are based on ST-245 design and will have capabilities to serve both oil
& gas and renewable markets. The vessels will be equipped with some of the most
fuel-efficient solutions in the market. Generators, battery packages and
thruster configuration are fine-tuned and include the latest technology
available. The vessels are Methanol ready and the generators can run on 100%
biofuel.

The vessels will be built to meet the highest requirements for operations on a
worldwide basis. The vessels will have an overall length of 120 meters, a cargo
deck area of 1,400m2, accommodation capacity for 120 persons, ROV hangar,
moonpool and will be equipped with a 250t crane.

The vessels have scheduled deliveries from first quarter 2027 to second quarter
2027. Sea1 Offshore and Cosco Shipping are in discussion around future potential
for further new building vessels.


For further information, please contact:
Bernt Omdal, Chief Executive Officer, Sea1 Offshore Inc. Phone +47 915 22 299
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