Solstad Offshore ASA — Capital/Financing Update 2014

Mar 24, 2014

CONTRACT EXTENSION

CONTRACT EXTENSION

Saipem Ltd has declared their option to extend the

contract for the construction vessel (CSV) "Normand

Cutter" with 1 year from May 2014. This is the second

of a total of three yearly options.

Skudeneshavn, 24. March 2014

Solstad Offshore ASA

Contacts person: Lars Peder Solstad (phone: +47 52 85

65 00)

This information is subject of the disclosure

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

Trading Act)