Solstad Offshore ASA - Capital/Financing Update 2014

DELIVERY AND LONG TERM FINANCING

Solstad Offshore ASA (SOFF) has today taken delivery

of "Normand Reach" (CSV) from Vard, Aukra. The vessel

will start on a 5 year firm chart with Reach Subsea

ASA with additional 3*1 yearly options, with

commencement about 10. June.

A long-term facility of NOK 510 million has been

drawn from Eksportkreditt Norge AS. The facility is

fully guaranteed by Nordea Bank Norge ASA and GIEK.

Solstad Offshore ASA is among the largest offshore-

shipping companies in Norway, providing advanced

vessels and extensive maritime competence for

operations related to the offshore petroleum

industry. The company has about 1,800 employees, and

operates 47 vessels all over the world. In addition

the company has 2 large subsea vessels under

construction.

Solstad Offshore is headquartered in Skudeneshavn,

Norway and has branch offices in Brazil, Singapore,

the Philippines, the United Kingdom and Australia.

Contacts: Lars Peder Solstad and Sven Stakkestad

(phone +47 52 85 65 00).

Skudeneshavn, 2. June 2013

This information is subject of the disclosure

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

Trading Act)

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