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Solstad Offshore ASA Capital/Financing Update 2021

May 11, 2021

3749_rns_2021-05-11_fc703b70-e0e7-437e-bac0-b9634f1f82d8.pdf

Capital/Financing Update

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New contract in Brazil

Solstad Offshore ASA is pleased to announce that the company has signed a contract with Enauta Energia S.A ("Enauta") for the AHTS Normand Turmalina. The vessel will be utilised by Enauta to support the "Atlanta Field" in Santos Basin, Brazil, for 18 months firm and with 2 years option thereafter. Commencement of the contract is during May 2021.

Skudeneshavn, May 11th, 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