Solstad Offshore ASA - Earnings Release 2018

Boa Offshore AS - Consolidated Quarterly report - 1Q 2018

Boa Offshore AS reports consolidated operating

revenues of NOK 117 in 1Q 2018 (NOK 196m in the same

quarter 2017). Operating profit before depreciation

(EBITDA) was -NOK 2m (NOK 105m). Net financial items

was -NOK 56m (-NOK 64m) and Net profit was -NOK 99m

(-NOK 3m).

For further information, please contact:

Helge Kvalvik, CEO: Tel +47 97 97 97 72, or

Albert Strand, Director Finance and Risk:

Tel +47 90 74 44 61

About Boa Offshore:

Boa Offshore is a Norwegian-based global offshore

supply vessel owner and operator with a well-

diversified fleet of 33 units focused on subsea,

barges, tugs, seismic, AHTS, engineering and project

management. The company has the most sophisticated

semi-submersible barge fleet in the world and holds

the global market-leading position for heavy lift

barges. The Boa group is an experienced and focused

operator with more than 40 years of history.

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