Solstad Offshore ASA — Director's Dealing 2016

Oct 26, 2016

Applications by primary insiders

Applications by primary insiders

26 October 2016

Reference is made to the stock exchange announcement

on 14 October 2016 made by Solstad Offshore ASA

("Solstad Offshore" or the "Company") regarding

distribution of allocation rights to certain primary

insiders in the Company.

The Company has on 26 October received applications

from the following primary insiders.

Name: Vindbalen AS by Lars Peder Solstad

Position: CEO

Shareholding as of Record Date: 540.375

Allocation Rights: 83.806

Total shareholding after allocation: 624.181

Name: Sven Stakkestad

Position: Deputy CEO

Shareholding as of Record Date: 3.325

Allocation Rights: 515

Total shareholding after allocation: 3.840

Name: Eivind Kvilhaug

Position: CFO

Shareholding as of Record Date: 1.000

Allocation Rights: 155

Total shareholding after allocation: 1.155

Name: Hans Knut Skår

Position: CCO

Shareholding as of Record Date: 1.900

Allocation Rights: 294

Total shareholding after allocation: 2.194

Name: Terje Vareberg

Position: Chairman of board

Shareholding as of Record Date: 3.000

Allocation Rights: 465

Total shareholding after allocation: 3.465

Name: Zahlahuset AS by Toril Eidesvik

Position: Board member

Shareholding as of Record Date: 2.500

Allocation Rights: 387

Total shareholding after allocation: 2.887

Name: AB Investment AS by Anders Onarheim

Position: Board member

Shareholding as of Record Date: 20.000

Allocation Rights: 3.101

Total shareholding after allocation: 23.101

Name: Jostein Atle Fjelland

Position: Accounting Manager

Shareholding as of Record Date: 2.550

Allocation Rights: 395

Total shareholding after allocation: 2.945

Name: Olaug Høines Hillesland

Position: Controller

Shareholding as of Record Date: 700

Allocation Rights: 108

Total shareholding after allocation: 808

Name: Elsa Lampe Larsen

Position: Controller

Shareholding as of Record Date: 100

Allocation Rights: 15

Total shareholding after allocation: 115

Name: Sverre Kenneth Lande

Position: Operations Director

Shareholding as of Record Date: 575

Allocation Rights: 89

Total shareholding after allocation: 664

Name: Trond Martin Nilsen

Position: Chartering Manager

Shareholding as of Record Date: 1.100

Allocation Rights: 170

Total shareholding after allocation: 1.270

Name: Rita Olsen

Position: Insurance Manager

Shareholding as of Record Date: 1.100

Allocation Rights: 170

Total shareholding after allocation: 1.270

Name: Leif Henning Stave

Position: Corporate Controller

Shareholding as of Record Date: 1.100

Allocation Rights: 170

Total shareholding after allocation: 1.270

Name: Ivar Storesund

Position: Charterer

Shareholding as of Record Date: 700

Allocation Rights: 108

Total shareholding after allocation: 808

Name: Hans Sigurd Ånensen

Position: Technical Director

Shareholding as of Record Date: 600

Allocation Rights: 93

Total shareholding after allocation: 693

The primary insiders are guaranteed allocation up to

the number of allocation rights as stated above.

Solstad Offshore ASA has applied for shares as stated

below:

Shareholding as of Record Date: 124.975

Allocation Rights: 19.382

Total shareholding after allocation: 144.356

In addition the Company has received applications from

related party to Olaug Høines Hillesland (Controller):

Name: Thomas Midbøe

Shareholding as of Record Date: 635

Allocation Rights: 85

Total shareholding after allocation: 720

Skudeneshavn, 26 October 2016

Solstad Offshore ASA

Contacts: Lars Peder Solstad (CEO) and Sven Stakkestad

(deputy CEO), phone +47 52 85 65 00

This information is subject to the disclosure

obligation of the Norwegian Securities Trading Act

section 5-12.