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Solstad Offshore ASA Capital/Financing Update 2018

Nov 27, 2018

Capital/Financing Update

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PSV contracts awarded by Allseas

Allseas has awarded Solstad Offshore ASA contracts for two PSVs, "Normand Naley"

(2011, VS 485) and "Sea Supra" (2014, PX105), for pipe-haul duties. Both

contracts are for 70 days firm plus options with commencement first half of

December 2018.

Skudeneshavn, November 27th, 2018

Contacts

Lars Peder Solstad CEO, at +47 91 31 85 85

Anders Hall Jomaas CFO, at +47 40 04 29 18

Solstad Offshore ASA