Sea1 Offshore Inc (“Sea1 Offshore” or the “Company”) (OSE: SEA1) initiated a share repurchase program 14 November 2024 to repurchase up to 400,000 of the Company’s common shares in open market transactions on the OSE until 15 December 2024. Sea1 Offshore has put in place an agreement with Arctic Securities AS for the repurchase of the Company’s shares in the market.

For the period from and including 25 November through 29 November 2024, Arctic Securities has on behalf of Sea1 Offshore purchased a total of 116,000 shares at an average price of NOK 29.03 per share. The transactions effected through the agreement with Arctic Securities comprise all the transactions effected by or on behalf of Sea1 Offshore during the period. This completes the share repurchase program announced on 14 November 2024.

Transaction overview

‍

Previously disclosed buy-buys under the program (accumulated)

‍

The issuer's holding of own shares: 400,000
Following the completion of the above transactions, Sea1 Offshore owned a total of 400,000 of its own shares, corresponding to 0.26% of Sea1 Offshore’s share capital. The repurchased shares will be sold to members of the management team under Sea1 Offshore's long-term incentive plan upon completion of the share repurchase program, as described in the press release dated 14 November 2024.

Appendix:
An overview of all transactions made under the Company’s share repurchase program and its agreement with Arctic Securities that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

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