Solstad Offshore ASA — Capital/Financing Update 2017

May 24, 2017

Contracts for Platform Supply Vessels (PSV)

Contracts for Platform Supply Vessels (PSV)

Solstad Offshore (SOFF) has been awarded new contracts and

contract extensions for several of the company's PSV's. The

contracts will commence in May/June - 17, and consist of a

combined total of ca 500 vessel days which are split

between the vessels "Normand Flipper", "Normand

Aurora", "Normand Skude" and "Normand Naley".

The commercial terms of the contracts are confidential

between the parties.

Skudeneshavn, 24 May 2017

Solstad Offshore ASA

Contacts: Lars Peder Solstad (Phone: +47 91 31 85 85 )

This information is subject of the disclosure requirements

acc. to §5-12 vphl (Norwegian Securities Trading Act)