Solstad Offshore ASA - Director's Dealing 2016

SOFF - trade notification

Forsa AS, a company controlled by Åge Remøy, has on 22

December 2016 completed a sale of 450,000 SOFF A

shares at an average price of NOK 11.2285 per share.

Forsa AS has now also completed the sale of 2 761 SOFF

A shares at an average price of NOK 12.5 per share, in

connection with the voluntary offer from Åge Remøy to

the shareholders in Rem Offshore ASA. After the

aforementioned sales, Forsa AS holds 5 547 239 SOFF A

shares and 6 000 000 SOFF B shares, equivalent to

approximately 13% of the issued share capital and

approximately 8.5% of the voting rights in Solstad

Offshore ASA. Further, Åge Remøy has on 20 December

2016 through other affiliated companies sold 41 063

SOFF B shares at an average price of NOK 9.4 per

share. After the aforementioned sales, Åge Remøy and

affiliated companies own in total 12 618 177 shares,

including 5 547 239 SOFF A shares and 7 070 938 SOFF B

shares, equivalent to approximately 14% of the issued

share capital and approximately 8.6% of the voting

rights in Solstad Offshore ASA.

This notification is made pursuant to Section 4-2 (1)

third sentence of the Norwegian Securities Trading Act.

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