Solstad Offshore ASA — Earnings Release 2013

Feb 27, 2014

REPORT 4TH QUARTER 2013 AND PRELIMINARY ACCOUNTS 2013

REPORT 4TH QUARTER 2013 AND PRELIMINARY ACCOUNTS 2013

- Operating revenue for 2013 was NOK 3,546 million

(NOK 3,362 million)

- Operating revenue for the 4th quarter was NOK 877

million (NOK 760 million)

- Cash flow from operations (EBITDA) for 2013 was

NOK 1,565 million (NOK 1,428 million)

- EBITDA for the 4th quarter was NOK 347 million (NOK

303 million)

- The Board has reassessed the company's dividend

policy. Dividend for 2013 is proposed to NOK 5,- per

share (NOK 2,50)

Skudeneshavn, 27 February 2014

Contacts: Lars Peder Solstad and Sven Stakkestad

(phone +47 52 85 65 00).

This information is subject of the disclosure

requirements acc. to §5-12 vphl (Norwegian Securities

Trading Act)

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