Siem Offshore can confirm an agreement has been made for a contract extension in Canada. The extension refers to the Ice Class AHTS vessel "Avalon Sea", covering a firm duration of 18 months upon completion of the current term. This will ensure continued operations for the vessel well into Q2 2024.

Contact:

CEO Bernt Omdal, +47 91522299

CCO Andreas Hageli, +47 90977682

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