ROVworld Subsea Information

DeepOcean has initiated a non-exclusive dialogue with DOF ASA
Date: Friday, January 04, 2008 @ 07:00:00 EST
Topic: GENERAL NEWS


DeepOcean has initiated a non-exclusive dialogue with DOF ASAThe Board of DeepOcean will simultaneously pursue and consider other available options to maximize shareholder values and ensure equal treatment of shareholders. The Board of DeepOcean will also like to emphasise that all the options to be pursued and considered take the best interest of the employees in DeepOcean into consideration.

DeepOcean has retained Carnegie ASA as financial advisor to assist in reviewing all options open to the company.

The Board would like to generally caution that the acceptance by a significant number of DeepOcean shareholders of any potential offer may negatively affect the extent to which alternative options may be developed.








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