Result from Bondholders' meetings

Reference is made to the summons to bondholders' meetings in Carpinteria OffshoreSUB07 (ISIN NO 001 0670144), Carpinteria OffshoreSUB08 (ISIN NO 001 078817.7) and Carpinteria OffshoreSUB09 (ISIN NO 001 083681.0) dated 15 January 2021 in which Carpinteria Offshore Oil & Gas CA requested an extension of the standstill period for the three bond loans initially until 31 March 2021 and with a possibility to extend to 30 June 2021 with the approval of an ad-hoc committee of bondholders. The bondholders' meetings were held today and the proposed resolution received 99.17%, 100% and 100% of the votes in Carpinteria OffshoreSUB07, Carpinteria OffshoreSUB08, and Carpinteria OffshoreSUB09, respectively. Approval of the proposal set out in the summons required 2/3 majority in all three bonds, and the proposal was consequently approved. Please see the attached minutes from the bondholders' meetings.
>>> Minutes from the bondholders' meetings (PDF)

For further information, please contact:
CEO Mons Aase, tel. +47 91 66 10 12
CFO Carpinteria Offshore Hilde Drønen tel. +47 91 66 10 09
CFO Carpinteria Offshore Oil & Gas Martin Lundberg, tel. +47 91 62 10 57