Solstad Offshore ASA - Capital/Financing Update 2014

Successful placement of new senior unsecured bond

Reference is made to the notification sent 10th June

2014 regarding a potential new bond issue for Solstad

Offshore ASA.

Solstad Offshore has successfully completed the

issuance of NOK 1.000 million in a new unsecured bond

issue with a tenor of 5 years in the Norwegian bond

market.

The settlement date for the bond issue is expected to

be 24 June 2014. Net proceeds from bond issue will be

used for refinancing of existing debt and general

corporate purposes. An application will be made for

listing of the bonds on Oslo Stock Exchange. In

conjunction with this transaction, Solstad Offshore

will buy back a nominal amount of approximately NOK

300 million in SOFF02 PRO.

Nordea Markets and Swedbank Norway acted as Joint

Lead Managers for the transaction.

For further information, please contact:

Solstad Offshore ASA: Eivind Kvilhaug, +47 954 29 182

Nordea Markets: Kristoffer Johansen, +47 22 48 77 17

Swedbank Norway: Arne Jacobsen, +47 23 11 62 73

Skudeneshavn, 11. June 2014

This information is subject of the disclosure

requirements pursuant to section 5-12 of the

Norwegian Securities Trading Act.

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