Cool Company Ltd.: Transactions Made Under Share Repurchase Program

London, UK - August 18, 2025

(NYSE: CLCO / CLCO.OL) - Cool Company Ltd (the "Company") initiated a sharerepurchase program on March 27, 2025 to repurchase up to 7,000,000 shares foratotal amount of up to $40 million during the period from April 1, 2025 untilnolater than December 31, 2026, pursuant to an agreement with DNB Markets, Inc.and DNB Markets, a part of DNB Bank ASA (together, "DNB").

For the period from and including August 11, 2025 through August 15, 2025, theCompany purchased a total of 6,440 shares at an average price of $7.16 pershare. For the repurchases on the OSE, the average FX NOK/USD rate was 10.24.The transactions carried out through the agreement with DNB comprise all theshare repurchase transactions conducted by or on behalf of the Company duringthe period.

The issuer's holding of repurchased shares:Following the completion of the above transactions, the Company owns a totalof858,689 of its own shares, corresponding to 1.598% of the Company's sharecapital.

Appendix: An overview of share repurchase activity, along with details of transactionscarried out under the share repurchase program during the above-mentioned timeperiod, is attached to this report and available at www.newsweb.no.

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

Richard Tyrrell - Chief Executive OfficerJohannes 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.

https://newsweb.oslobors.no/message/653143