Solstad Offshore ASA — Capital/Financing Update 2014

Aug 12, 2014

CONTRACT EXTENSION FOR CSV "NORMAND SUBSEA"

CONTRACT EXTENSION FOR CSV "NORMAND SUBSEA"

Subsea 7 has declared their option to extend the

contract for the construction vessel "Normand Subsea"

with one year from March 2015. This is the second of

a total of four yearly options.

Contacts: Lars Peder Solstad and Sven Stakkestad

(phone +47 52 85 65 00).

Skudeneshavn, 12. August 2014

This information is subject of the disclosure

requirements acc. to §5-12 vphl (Norwegian Securities

Trading Act)