Solstad Offshore ASA — Capital/Financing Update 2017

Apr 24, 2017

Long-term contracts for two Platform Supply Vessels (PSV)

Long-term contracts for two Platform Supply Vessels (PSV)

Solstad Offshore ASA (SOFF) has been awarded long-term

contracts for the PSVs Normand Server and Normand Supporter

by ConocoPhillips Skandinavia AS.

The contracts have a duration of 4 years and 8 months each,

with further 3 yearly options. The contracts will commence

in April and May 2017 respectively.

Both vessels are currently in lay-up, and will be activated

as a result of these awards. The commercial terms of the

contracts are confidential between the parties.

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

Skudeneshavn, 24 April 2017

Solstad Offshore ASA

This information is subject of the disclosure requirements

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