GOGL – Prospectus approved for listing of shares in Private Placement on Oslo Børs, and offer and listing of shares in Subsequent Offering - Seite 2

Pending publication of the Prospectus, the 54,207,547 Private Placement Shares have been placed on a separate ISIN from the Company's other shares. Upon publication of the Prospectus and the expiry of the 40 day distribution compliance period under Regulation S of the U.S. Securities Act, the Private Placement Shares will be transferred to the same ISIN as the Company's ordinary shares (BMG396372051) and will be listed and admitted to trading on Oslo Børs and NASDAQ together with the Company's other shares. Thus, the first day of trading of the Private Placement Shares will be on 15 April 2021.

Arctic Securities AS and DNB Markets, a part of DNB Bank ASA, are acting as Managers for the Subsequent Offering.

Advokatfirmaet Wiersholm AS is acting as the Company's legal advisor. Seward & Kissel LLP has been acting as the Company's legal counsel as to U.S. law and MJM Limited has been acting as the Company's legal counsel as to Bermuda law.

For information about the Subsequent Offering, please contact the Managers:
Arctic Securities AS, e-mail: [e-mail], tel: [phone], web: www.arctic.com/secno
DNB Markets, DNB Bank ASA, e-mail: [e-mail], tel: [phone], web: www.dnb.no/emisjoner

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Important information:

The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia). This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "US Securities Act"). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States. The issue, exercise, purchase or sale of subscription rights and the subscription or purchase of shares in the Company are subject to specific legal or regulatory restrictions in certain jurisdictions.  Neither the Company nor the Managers assumes any responsibility in the event there is a violation by any person of such restrictions. The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. The Managers are acting for the Company and no one else in connection with the Private Placement and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the Private Placement and/or any other matter referred to in this release.