Solstad Offshore ASA — Capital/Financing Update 2021

Jul 6, 2021

Contract for CSV Normand Energy

Solstad Offshore ASA has been awarded a contract with a key client for the CSV Normand Energy. The vessel will support subsea operations in West Africa. The contract will commence Q3 2021 and have a firm duration of 13 months.

Normand Energy is a large construction vessel equipped with a 250 tonnes active heave compensated crane and a working deck of 2000m2.

Skudeneshavn, July 6th, 2021

Contacts Lars Peder Solstad CEO, at +47 91 31 85 85 Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA www.solstad.com