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Corporate Venture
ENERGY & UTILITIES | Natural Gas Utilities
golarlng.com

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Investments

2

Partners & Customers

10

Service Providers

3

About Golar LNG

Golar LNG midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, liquefaction, and trading of LNG. The company operates through Vessel Operations, LNG Trading, FLNG, and Power segments.

Golar LNG Headquarter Location

S.E. Pearman Building 2nd Floor 9 Par-la-Ville Road

Hamilton, HM 11,

Bermuda

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Latest Golar LNG News

Cool Company Ltd. formation update

Jan 20, 2022

January 20, 2022 01:00 ET Hamilton, BERMUDA Golar LNG (“Golar”) is pleased to provide an update on the formation of Cool Company Ltd. (“CoolCo”). Reference is made to the announcement on 15 December 2021 regarding Golar’s announced execution of a Terms Agreement to separate its 8 TFDE LNG carriers into CoolCo. CoolCo will have an initial market capitalization of approximately $375 million and Golar will retain a shareholding of a minimum of $125 million. As part of the transaction CoolCo plans to raise around $250 million of external equity through a private placement of equity (“Private Placement”). Eastern Pacific Shipping (“EPS”) has pre-subscribed and guaranteed an allocation of a minimum of $150 million in the contemplated private placement, making EPS the largest shareholder of CoolCo. Proceeds from the private placement, together with the debt facilities described below, will be used to fund the acquisition of 8 TFDE LNG carriers from Golar LNG and for CoolCo’s working capital and general corporate purposes. CoolCo will immediately list on the Oslo OTC exchange and expects to list on Euronext Growth Oslo (“Listing”) during February 2022. CoolCo will also target an additional listing on an internationally recognized stock exchange during 2022. A credit approved and committed bank term sheet for a new sustainability linked $570 million bank facility that will finance the acquisition of 6 of the 8 carriers that CoolCo will acquire from Golar has been arranged. The existing lease financing on two vessels, Golar Ice and Golar Kelvin, will remain and be transferred to CoolCo. The total debt on CoolCo’s assets will be approximately $810 million at inception. Agreements in principle for CoolCo to acquire the commercial and technical organization associated with the operation of Golar’s owned and operated shipping and FSRU assets for a total consideration of $5 million have also been reached. In connection with the contemplated equity private placement and Euronext Growth IPO, CoolCo has engaged Clarksons Platou Securities and DNB Markets, a part of DNB Bank ASA, as Joint Global Coordinators and Joint Bookrunners, ABG and Fearnleys as Joint Lead Managers and Joint Bookrunners and Nordea and Danske as Joint Managers. The formation of CoolCo is expected to be concluded within Q1 2022 subject to market conditions. FORWARD LOOKING STATEMENTS This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflects management’s current expectations, estimates and projections about its operations, including the consummation of transactions contemplated by the Terms Agreement, including the Listing and expected equity and debt financing. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future pursuant to the Terms Agreement or are anticipated for Golar’s LNG carriers and the formation of CoolCo are forward-looking statements. Words such as “may,” “could,” “should,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” or the negative of these terms and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance of the transactions contemplated by the Terms Agreement or CoolCo’s LNG business activities and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted with respect to the Terms Agreement or the successful consummation of the transactions necessary for the creation, financing and listing of CoolCo. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG Limited undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law. Hamilton, Bermuda

Golar LNG Investments

2 Investments

Golar LNG has made 2 investments. Their latest investment was in Avenir LNG as part of their Unattributed on October 10, 2018.

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Golar LNG Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/3/2018

Unattributed

Avenir LNG

$182M

Yes

2

7/13/2018

Corporate Minority

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10

Date

10/3/2018

7/13/2018

Round

Unattributed

Corporate Minority

Company

Avenir LNG

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Amount

$182M

New?

Yes

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Co-Investors

Sources

2

10

Golar LNG Partners & Customers

10 Partners and customers

Golar LNG has 10 strategic partners and customers. Golar LNG recently partnered with Black & Veatch on November 11, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

11/19/2020

Partner

Black & Veatch

United States

Golar And Black & Veatch Announce Collaboration In Floating Ammonia Production, Carbon Capture, Green LNG And Other Emerging Technologies

As a company with an established history of championing and delivering disruptive solutions to problems in its industry , and a serious and continuous commitment to its ESG agenda , Golar LNG Limited looks forward to working with a likeminded and equally capable partner , in the field of floating ammonia and hydrogen production , carbon capture , and other decarbonisation initiatives . ''

1

7/6/2020

Vendor

Galileo Technology

Argentina

Press releases – Golar LNG

Eduardo Antonello , Golar Power Limited CEO commented : `` The agreement with Galileo Technologies further expands Golar Power Limited 's participation in the LNG chain .

2

6/6/2019

Partner

Gaslog Partners

Greece

GasLog Ltd. and GasLog Partners LP to Assume Commercial Control of LNG Carriers Operating in The Spot Market

The Cool Pool is an LNG carrier pooling agreement between GasLog Partners LP and Golar LNG Ltd. , focusing exclusively on spot fixtures of up to 12 months in duration .

3

2/26/2019

Partner

Keppel Corporation

Singapore

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10

2/1/2019

Client

BP

United Kingdom

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10

Date

11/19/2020

7/6/2020

6/6/2019

2/26/2019

2/1/2019

Type

Partner

Vendor

Partner

Partner

Client

Business Partner

Black & Veatch

Galileo Technology

Gaslog Partners

Keppel Corporation

BP

Country

United States

Argentina

Greece

Singapore

United Kingdom

News Snippet

Golar And Black & Veatch Announce Collaboration In Floating Ammonia Production, Carbon Capture, Green LNG And Other Emerging Technologies

As a company with an established history of championing and delivering disruptive solutions to problems in its industry , and a serious and continuous commitment to its ESG agenda , Golar LNG Limited looks forward to working with a likeminded and equally capable partner , in the field of floating ammonia and hydrogen production , carbon capture , and other decarbonisation initiatives . ''

Press releases – Golar LNG

Eduardo Antonello , Golar Power Limited CEO commented : `` The agreement with Galileo Technologies further expands Golar Power Limited 's participation in the LNG chain .

GasLog Ltd. and GasLog Partners LP to Assume Commercial Control of LNG Carriers Operating in The Spot Market

The Cool Pool is an LNG carrier pooling agreement between GasLog Partners LP and Golar LNG Ltd. , focusing exclusively on spot fixtures of up to 12 months in duration .

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Sources

1

2

3

10

10

Golar LNG Service Providers

3 Service Providers

Golar LNG has 3 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Akin Gump Strauss Hauer & Feld

Acq - Pending

Counsel

General Counsel

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Service Provider

Akin Gump Strauss Hauer & Feld

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Associated Rounds

Acq - Pending

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Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

Golar LNG Team

4 Team Members

Golar LNG has 4 team members, including former Chief Executive Officer, Gary Smith.

Name

Work History

Title

Status

Gary Smith

Chief Executive Officer

Former

Oscar Spieler

Chief Executive Officer

Former

Sveinung J S Støhle

Nigeria LNG, Elf Aquitaine, and Hoegh LNG

Chief Operating Officer, Executive Vice President

Former

Dudley Poston

Redwood Capital Management, and Williams

Executive Vice President

Former

Name

Gary Smith

Oscar Spieler

Sveinung J S Støhle

Dudley Poston

Work History

Nigeria LNG, Elf Aquitaine, and Hoegh LNG

Redwood Capital Management, and Williams

Title

Chief Executive Officer

Chief Executive Officer

Chief Operating Officer, Executive Vice President

Executive Vice President

Status

Former

Former

Former

Former

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