Solstad Maritime ASA

Capital/Financing Update • Jun 19, 2025

Solstad Maritime ASA - Contract Awards

Solstad Maritime ASA - Contract Awards

Skudeneshavn, 19 June 2025

Solstad Maritime ASA ("SOMA") is pleased to announce the finalization of two

contract awards.

With reference to the stock exchange notice from Solstad Offshore ASA (SOFF)

dated April 30, 2025, announcing the contract award with Petrobras for the CSV

"Normand Flower" owned by SOMA, subject to Board approval:

SOMA confirms that the contract has now been formally approved and signed.

The contract, which will commence in January 2026, has a duration of 4 years and

a gross value of approximately USD 115 million excluding ROV services.

In addition, SOMA has secured a new contract with immediate commencement for the

CSV "Normand Navigator" with a Subsea Contractor for a project in South America.

The contract has a firm period of 100 days, with further extension options.

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Contacts:

Lars Peder Solstad, CEO: +47 91 31 85 85

Kjetil Ramstad, CFO: +47 90 75 94 89

Solstad Maritime ASA

https://solstad-maritime.com