Summons to written resolution – Proposed amendment to the unsecured bonds, supported by the majority of bonds outstanding

09 May 2023

Golar LNG Limited (“Golar” or the “Company”) has today instructed Nordic Trustee AS to summon a written resolution for the Company's senior unsecured bonds maturing 20 October 2025 (ISIN NO 0011123432). The purpose of the written resolution is to consider a proposal for certain amendments to the bond terms (the “Proposal”).

The background for the proposal is the significant strengthening of the Company’s financial position since the issuance of the unsecured bonds. The Company is therefore seeking to make certain amendments to the definition of Permitted Distribution, to increase the Company’s flexibility for potential future shareholder returns in return for a one-off financial compensation to the bondholders and implementation of an incurrence test.

The summons for a written resolution including details on the Amendment Proposal is attached to this press release. The Voting Period shall expire on 25 May 2023 at the latest, at which point the final outcome of the Proposal will be decided and made public.