Trade by primary insiders and close associates

Bømlo, 24 March 2023: Reference is made to the stock exchange notice from Eidesvik Offshore ASA (OSE: EIOF) (“EIOF” or the “Company”) published on 2 March 2023, regarding the successfully placed private placement of 10,833,333 shares in the Company (the “Private Placement”), at a subscription price of NOK 12.00 per share (the “Subscription Price”).

Following approval of the Private Placement by the extraordinary general meeting of the Company on 24 March 2023, the following persons discharging managerial responsibilities and their close associates have been allocated and subscribed for Offer Shares at the Offer Price:

• Eidesvik Invest AS, the Company’s largest shareholder and a close associate of the Company’s board members Borgny Eidesvik, Lars Eidesvik and Lauritz Eidesvik, and board observer Kjetil Eidesvik, was allocated 6,484,833 Offer Shares. In addition, Eidesvik Invest AS will lend 4,348,500 shares to Pareto Securities AS (the “Manager”) in order to facilitate DVP settlement of the Private Placement to other investors than Eidesvik Invest AS who were allocated shares in the Private Placement.

•Vest-Norsk Handelskompani AS, a close associate of the Company’s board member Kristine Elisabeth Skeie, was allocated 166,666 Offer Shares.

Please see the enclosed forms for further details about the transactions.

This information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities Trading Act.