Solstad Offshore ASA — Earnings Release 2021

Nov 29, 2021

Boa Offshore AS - Consolidated Third quarter report 2021

Boa Offshore AS - Consolidated Third quarter report 2021

Boa Offshore AS reports consolidated operating revenues of NOK 179m in 3Q 2021 (NOK 170m in the same quarter 2020). Operating profit before depreciation (EBITDA) was NOK 48m (NOK 59m). Net financial items was NOK -18m (NOK -32m) and Net profit was NOK -6m (NOK -11m).

For further information, please contact:

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

About Boa Offshore:

Boa Offshore is a Norwegian-based global offshore supply vessel owner and operator with a well-diversified fleet of 26 units focused on subsea, barges, tugs, 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