Solstad Offshore ASA - Director's Dealing 2024

Mandatory notification of trade

Reference is made to the announcement published by Solstad Offshore ASA (the

"Company") on 12 June 2024 regarding the result of the offering of shares (the

"Offering") in Solstad Maritime Holding AS ("SMH"), which was fully underwritten

by Aker Capital AS ("Aker Capital").

Aker Capital, close associate of Company board member Frank Ove Reite, has

pursuant to the underwriting agreement today subscribed for 5,095,519 shares in

SMH, at the subscription price of NOK 11.82 per share. The shares in SMH are

linked to Company's shares, cf. the Market Abuse Regulation article 19.

Following the completion of the Offering, Aker Capital owns 27,089,493 shares in

the Company and 195,450,849 shares in SMH. In addition, Frank Ove Reite owns

through Fausken Invest AS 356,509 shares in the Company and 356,509 shares in

SMH.

Please see attached primary insider notification form pursuant to the

requirements of the Market Abuse Regulation article 19. This information is

subject to the disclosure requirements pursuant to section 5-12 of the Norwegian

Securities Trading Act.

AI assistant