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Solstad Offshore ASA Capital/Financing Update 2021

Dec 27, 2021

Capital/Financing Update

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AHTS Contract award in Brazil

Solstad Offshore ASA has been awarded a new contract with PETROBRAS - Petróleo

Brasileiro S.A. for the AHTS BOS Turquesa.

The contract is 3 years firm, with options thereafter, for supporting

exploration and production activities in Brazilian continental shelf.

Commencement of the contract will take place in Q1 2022.

Skudeneshavn December 27th, 2021

Contacts

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

Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA