Cool Company Ltd.: Transactions Made Under Share Repurchase Program

London, UK - July 7, 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 July 1, 2025 through July 4, 2025, theCompanypurchased a total of 23,630 shares at an average price of $6.85 per share. Forthe repurchases on the OSE, the average FX NOK/USD rate was 10.08. Thetransactions carried out through the agreement with DNB comprise all the sharerepurchase transactions conducted by or on behalf of the Company during theperiod.

The issuer's holding of repurchased shares: Following the completion of the above transactions, the Company owns a totalof787,457 of its own shares, corresponding to 1.466% 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 Officer Johannes 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.

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