Solstad Offshore ASA - Capital/Financing Update 2017

Boa Offshore AS - Information to Bondholders regaring completion of Amendments

Reference is made to the stock exchange notice

dated 7 July 2017. The conditions are now met and

the Completion Date occurred today 17 July 2017

with respect to the following bonds:

- ISIN NO 001 0720790 - FRN Boa OCV AS Senior

Secured Bond Issue 2014/2019

- ISIN NO 001 0675051 - FRN Boa SBL AS Senior

Secured Bond Issue 2013/2018

- ISIN NO 001 0699077 - FRN Boa Offshore AS Senior

Unsecured Bond Issue 2013/2018

- ISIN NO 001 0741895 - FRN Boa Offshore AS

Subordinated Callable Bond Issue 2015/2018

Please find attached the information notice's

from Nordic Trustee ASA.

For further information, please contact:

Helge Kvalvik, CEO: Tel +47 97 97 97 72, or

Albert Strand, Director Finance and Risk:

Tel +47 90 74 44 61

About Boa Offshore:

Boa Offshore is a Norwegian-based global offshore

supply vessel owner and operator with a well-

diversified fleet of 34 units focused on subsea,

barges, tugs, seismic, AHTS, engineering and project

management. The company has the most sophisticated

semi-submersible barge fleet in the world and holds

the global market-leading position for heavy lift

barges. The Boa group is an experienced and focused

operator with more than 40 years of history.

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