KEY INFORMATION RELATING TO THE CASH DIVIDEND TO BE PAID BY COOL COMPANY LTD

November 21, 2024

London, UK - Cool Company Ltd (NYSE: CLCO / CLCO.OL) - Note to shareholderswhohold shares registered in Euronext Securities Oslo, the central securitiesdepository in Norway (the "VPS"): Due to implementation of the CentralSecurities Depository Regulation ("CSDR") in Norway, please note theinformationon the payment date to the shares registered in the VPS below.

As of May 28, 2024, the standard settlement cycle for transactions executed insecurities traded on the New York Stock Exchange ("NYSE") was shortened fromT+2to T+1 (T= trading date), while the Oslo Stock Exchange ("OSE") will continuetosettle its trades on a T+2 basis. As a result, there will be different datesbetween the two exchanges, as set out in the table below. During these interimdays, investors may be restricted to move shares between NYSE and OSE.

Dividend amount: $0.15 per shareDeclared currency: USD. Dividends payable to shares registered in the VPS willbe distributed in NOK.Date of approval: November 20, 2024

NYSELast day including right(1): November 29, 2024Ex-date(2): December 2, 2024Record date: December 2, 2024Payment date: On or about December 9, 2024

OSELast day including right(1): November 28, 2024Ex-date(2): November 29, 2024Record date: December 2, 2024Payment date(3): On or about December 13, 2024

Notes:(1) The last date on which the shares trading on the NYSE and OSE will includethe entitlement to the dividend.(2) The date on which the shares will begin trading on the NYSE and OSEwithoutthe entitlement to the dividend.(3) Due to the implementation of CSDR in Norway, dividends payable to sharesregistered in the VPS will be distributed on or about December 13, 2024.

For further questions regarding the new NYSE process and timing of dividendpayments, shareholders may contact their bank, broker, nominee or otherinstitution.

For more information, questions should be directed to:c/o Cool Company Ltd - +44 207 659 1111 / ir@coolcoltd.com

Richard Tyrrell - Chief Executive OfficerJohn Boots - Chief Financial Officer

This announcement is subject to the disclosure requirements pursuant tosection5-12 of the Norwegian Securities Trading Act and the requirements under the EUMarket Abuse Regulation. This announcement was published by Johannes Boots,CFOof Cool Company Ltd, at the date and time set out above.

https://newsweb.oslobors.no/message/632790