Solstad Offshore ASA — Capital/Financing Update 2014

Jun 10, 2014

Contemplating new bond issue

Contemplating new bond issue

Solstad Offshore ASA (SOFF) is contemplating the

issuance of new 5 year senior unsecured bonds in the

Norwegian bond market.

Net proceeds from the potential transaction will be

used for refinancing of existing debt and general

corporate purposes.

There will also be an offer from the company to buy

back outstanding SOFF02 PRO bonds, subject to

subscription in the contemplated bond issue.

Nordea Markets and Swedbank Norway have been

appointed as Joint Lead Managers for the potential

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, 10th June 2014

This information is subject of the disclosure

requirements pursuant to section 5-12 of the

Norwegian Securities Trading Act.