COSH: Constellation Oil Services Successfully Prices USD 650 Million Senior Secured Bond

Luxembourg, 22 July 2026 - Constellation Oil Services Holding S.A.
("Constellation" or the 
"Company", OSE: COSH) has today successfully priced a USD 650 million senior
secured bond due 
2033 (the "Bonds"). The Bonds will carry a fixed coupon of 7.700% p.a., payable
semi-annually. 
The net proceeds from the bond issue, together with cash on hand, will be used
to discharge and 
satisfy in full the Company's outstanding USD 650 million 9.375% Senior Secured
Notes due 2029, 
and to pay fees and expenses in connection with the transaction.  

Settlement of the Bonds is expected on or about August 3, 2026, subject to
customary closing 
conditions. An application will be made for the Bonds to be listed on the
Singapore Exchange 
Securities Trading Limited - SGX-ST. 

This press release does not constitute an offer of any securities for sale. Any
securities have not been 
and will not be registered under the U.S. Securities Act of 1933, as amended,
and may not be offered 
or sold in the United States absent registration or an applicable exemption from
registration 
requirements. 

For further queries, please contact: 
Investor Relations Team 
Email: [email protected]  

Additional information about the Company can be found at Constellation IR web
site. 

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

About Constellation  

Constellation is a market leading provider of offshore oil and gas contract
drilling services through its 
subsidiary Serviços de Petróleo Constellation S.A. ("Serviços de Petróleo
Constellation"). With 
continuous operations since 1981, Serviços de Petróleo Constellation has built
an unmatched reputation 
for excellence in offshore drilling services, obtaining ISO 9001, ISO 14001, ISO
45001, and API Spec 
Q2 certifications for its quality management, environmental and safety records
and systems.
uality management\, environmental and safety records\
and systems.\