SHARE OPTION GRANTED TOP MANAGEMENT

The Eidesvik Offshore ASA, Board of Directors, have

granted CEO Jan Fredrik Meling and COO Jan Lodden

options to buy 20.000 shares each, CFO Svein Ove

Enerstvedt an option to buy 12.500 shares. Vice

president Project & Developement Vermund Hjelland,

Vice president HR & Org. Developement Erling Lodden,

and HSE & QA Vice president Johannes Syltevik are

granted an option to buy 7.500 shares each. All share

options are granted with a share price of NOK 37,70

which corresponds to the closing share price at Oslo

Stock Exchange Monday, April 26, 2010. The share

options can be claimed not earlier than April 26, 2012

and no later than April 26, 2015. With these new

options granted; Jan Fredrik Meling now has a total of

60.000 options and owns a total of 65.000 shares, Jan

Lodden has a total of 45.000 options and together with

closely related have a total of 9.842 shares, Svein

Ove Enerstvedt has a total of 32.500 options and owns

a total of 1.242 shares. Erling Lodden has a total of

22.500 options. Vermund Hjelland og Johannes Syltevik

has a total of 22.500 options each and owns 1.000

shares each.

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