Solstad Offshore ASA - Board/Management Information 2018

New Chairman of the Board

At the Annual General Meeting in Solstad Farstad ASA ("SOFF"), May 9th 2018,

Terje Vareberg stepped down as Chairman and Board member after 7 years of

service. At the same time Harald Espedal was elected as new Board member.

The Board of Directors has appointed Harald Espedal as the new Chairman of the

Board.

Harald Espedal is a graduate from The Norwegian School of Economic (NHH) in

economics with additional studies in auditing. Today he is the Chairman of Lyse

ASA, Sandnes Sparebank, Espedal & CO AS, Deputy Chair in Stavanger Concert Hall,

and Board member in Aaspelin Ramm and The Norwegian National Opera & Ballet.

Espedal has a long career within the Finance and Investment industry including

as CEO and Investor Director for SKAGEN and Investment Director for Vesta.

Skudeneshavn, May 14th 2018

Contact:

Lars Peder Solstad CEO, at +47 91 31 85 85.

Anders Hall Jomaas CFO, at +47 40 04 29 18

Solstad Farstad ASA

www.solstadfarstad.com

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

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