Solstad Offshore ASA — Capital/Financing Update 2020

May 25, 2020

Boa Offshore AS – Information to Bondholders regarding Discharge of Bonds

Boa Offshore AS – Information to Bondholders regarding Discharge of Bonds

Reference is made to the stock exchange notice dated 18 May 2020 with regard distribution to the Bondholders today 25 May 2020 and to the attached notice from Nordic Trustee AS with respect to the bond; - ISIN NO 001 0741895 - FRN Boa Offshore AS Subordinated Callable Bond Issue 2015/2018

Please find attached the information notice from Nordic Trustee AS.

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