Cool Company Ltd. Announces Meeting Date for Special Meeting for Proposed Merger with Newly Formed, Wholly Owned Subsidiary of EPS Ventures Ltd

COOL COMPANY Ltd. (“CoolCo” or the “Company”) (NYSE: CLCO / CLCO.OL) has announced today that the special meeting of its shareholders is currently planned to take place on January 6, 2026 at 1:00 PM GMT. At the special meeting, the Company’s shareholders will vote on the previously announced proposed merger of CoolCo with a newly formed, wholly owned subsidiary of EPS Ventures Ltd.

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As previously announced on December 8, 2025, CoolCo shareholders of record at the close of business on December 16, 2025 will be entitled to receive notice of the special meeting and to vote at the special meeting.

A copy of the notice and associated information will be distributed to shareholders by normal distribution methods prior to the meeting and will also be made available on the website maintained by the SEC at www.sec.gov, and the Company’s website at http://www.coolcoltd.com. The Notice and Proxy Card for holders of shares listed on Euronext Growth Oslo is attached to this press release.

ABOUT COOLCO

CoolCo is an LNG Carrier pure play with a fleet of 13 vessels and a well-balanced portfolio of short- and long-term charters with the world’s leading oil & gas, trading, and utility companies. In addition to organic growth from two newbuilds delivered in Q4 2024 and Q1 2025, CoolCo’s strategy includes ongoing assessment of growth opportunities through vessel acquisitions and potential consolidation in the fragmented LNG market. Through its in-house LNG transportation and infrastructure management platform, CoolCo operates its own vessels and provides management services to third-party owners. The company benefits from the scale and support of Eastern Pacific Shipping, an affiliate of its largest shareholder and the owner of one of the world’s largest independent shipping fleets. This affiliation strengthens CoolCo’s strategic position with shipyards, financial institutions, and deal flow access. CoolCo is committed to supporting global decarbonization and energy security. As part of its LNGe upgrade program, the company aims to reduce emissions by 10-15%, contributing to a fleet-wide emissions reduction target of 35% from 2019 to 2030.