Solstad Offshore ASA — Capital/Financing Update 2014

Nov 10, 2014

Boa Offshore AS - Successful placement of new unsecured open bond issue

Boa Offshore AS - Successful placement of new unsecured open bond issue

Boa Offshore AS has successfully completed a new

unsecured open bond issue of NOK 50 million, with a

borrowing limit of NOK 500 million, and maturity date

1 May 2020. The bond issue has a coupon of 3 months

NIBOR plus 6.75 per cent. Settlement date is expected

to be 14 November 2014.

An application may be made for the bonds to be listed

on Nordic ABM. The purpose of the loan is for general

corporate purposes.

SpareBank 1 Markets AS acted as arranger of the new

bond issue.

For further information, please contact:

Albert Strand, Director Finance and Risk

Boa Offshore AS

Telephone: +47 73 99 09 45 / 907 44 461

Trondheim, 10 November 2014