Solstad Offshore ASA — Capital/Financing Update 2021

Apr 8, 2021

Long-term contract award for PSV in Brazil

Long-term contract award for PSV in Brazil

Solstad Offshore ASA has been awarded a long-term contract by Shell Brasil Ltda

for the PSV Normand Starling to support their activities in the Brazilian

waters. The awarded contract is firm for two (2) years to April 2023 and

commences in direct continuation of the current contract Normand Starling has

with Shell Brazil Ltda.

Skudeneshavn, April 8[th], 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