Solstad Offshore ASA — Capital/Financing Update 2016

May 31, 2016

Boa Offshore AS - Public offer to buy-back bonds

Boa Offshore AS - Public offer to buy-back bonds

Boa Offshore AS (the "Company" or the "Issuer") refers

to the Company's stock exchange notice on 22 April

2016 in which the Company announced a plan to tender

for its remaining outstanding bonds issued with ISIN

NO0010741895 and ticker BOAO03 PRO ("BOAO03 PRO)").

Please see attachment for further details about the

Buy-Back Offer.