General Announcement::Constellation Announces Listing on Euronext Growth Oslo

Issuer & Securities

Issuer/ Manager
CONSTELLATION OIL SERVICES HOLDING S.A.
Securities
CONSTEOILUS$650M9.375%N291107A - US650921AA71 - 5TCB
CONSTEOILUS$650M9.375%N291107R - USL67356AA09 - 9QPB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
06-Mar-2025 15:11:26
Status
New
Announcement Sub Title
Constellation Announces Listing on Euronext Growth Oslo
Announcement Reference
SG250306OTHRJPGB
Submitted By (Co./ Ind. Name)
Joao Gabriel G. Ratton
Designation
IR Manager
Effective Date and Time of the event
06/03/2025 16:00:00
Description (Please provide a detailed description of the event in the box below)
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM A PART OF ANY OFFER OF SECURITIES FOR SALE OR A SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OF THE COMPANY IN THE UNITED STATES OR ANY OTHER JURISDICTION. NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE "UNITED STATES"), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Luxembourg, March 6, 2025 Constellation Oil Services Holding S.A. ( Constellation or the Company ) today announces its successful listing on Euronext Growth Oslo under the ticker symbol COSH . Trading of the Company's shares will begin today at 09:00 CET.

Constellation is a leading offshore oil and gas drilling services provider in Brazil, holding about one-fifth of the country s offshore drilling market. With 1,800 employees and a 45-year track record, the company has established a strong position in Brazil the largest and fastest-growing segment of the global offshore drilling industry. Constellation is currently the leader of Petrobras ranking of drilling contractors and offers an efficient cost position due to its scale, operating all its rigs under one single hub in Brazil.

Constellation s shares will trade under the ticker COSH, marking a significant step in the Company s growth trajectory and reinforcing its commitment to governance, transparency and sustainable growth.

The listing on Euronext Growth Oslo is a significant milestone for Constellation and reflects the confidence that investors have in our business model, operational efficiency and cash generation capacity. With a robust backlog of approximately USD 2.1 billion, we ensure financial predictability and opportunities for sustainable growth, said Rodrigo Ribeiro, CEO of Constellation.

The Company s capital allocation and financial strategy is focused on prioritizing debt reduction, dividend payment upon deleveraging, and maintaining flexibility to pursue value-adding growth opportunities.

The Company completed a robust recapitalization and refinancing process in December 2024, reducing its debt to USD 650 million with maturity in 2029 and maintaining a cash balance of over USD 180 million.

Constellation has 1,519,918,308 outstanding shares and has not raised capital as part of the listing. The listing on Euronext Growth is for a portion of Constellation s total shares that are registered in Euronext Securities Oslo (VPS) through Norwegian Depository Receipts (NDRs).

Advisers

Clarksons Securities AS is acting as Euronext Growth Advisor to the Company in connection with the listing.
Advokatfirmaet Thommessen AS is acting as legal counsel to the Company, while Advokatfirmaet BAHR AS is acting as legal due diligence adviser.

For further information, please contact:

Media:
Geir Bj rlo, Corporate Communications
geir.bjorlo@corpcom.no
+47 915 40 000

Investor Relations Phone:
+352 20 20 2401
ir@theconstellation.com
www.theconstellation.com/ir

IR Team:
Monique Fares / mfares@theconstellation.com
Joao Gabriel Ratton / jratton@theconstellation.com

About Constellation

Constellation is a market-leading provider of offshore oil and gas contract drilling services through its subsidiary Servi os de Petr leo Constellation S.A. ( Servi os de Petr leo Constellation ). With continuous operations since 1981, Servi os de Petr leo 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.

IMPORTANT NOTICE

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "anticipate", "believe", "continue", "estimate", "expect", "intends", "may", "should", "will" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.

This announcement is made by, and is the responsibility of, the Company.

This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company.

The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

Attachments

Constellation Announces Listing on Euronext Growth Oslo.pdf
Total size =140K