Solstad Offshore ASA — Capital/Financing Update 2018

May 24, 2018

Delivery of the harvest vessel "Aqua Merdø" and commencement of long term contract

Delivery of the harvest vessel "Aqua Merdø" and commencement of long term contract

DESS Aquaculture Shipping AS, a joint venture between Solstad Farstad ASA (SOFF)

and Marine Harvest ASA, took delivery of the harvest vessel "Aqua Merdø" today

May 24th 2018. The vessel will commence its 10-year charter contract with Marine

Harvest upon delivery at location within few days.

"Aqua Merdø" is developed in close collaboration between the owners and Salt

Ship Design and has been built by Myklebust Verft, Norway. Long term financing

of "Aqua Merdø" is arranged by ABN AMRO Bank N.V.

"Aqua Merdø" is a harvest vessel with a capacity of handling up to 20,000 fish

per hour, and transport up to 400 tons of fish to the processing plant.

Skudeneshavn, May 24th 2018

Contacts

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

Anders Hall Jomaas CFO, at +47 400 42 918

Solstad Farstad ASA

www.solstadfarstad.com

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)