Solstad Offshore ASA — Earnings Release 2021

Aug 27, 2021

Boa Offshore AS - Consolidated Second quarter report 2021

Boa Offshore AS - Consolidated Second quarter report 2021

Boa Offshore AS reports consolidated operating revenues of NOK 228m in 2Q 2021 (NOK 168m in the same quarter 2020). Operating profit before depreciation (EBITDA) was NOK 58m (NOK 57m). Net financial items was NOK -19m (NOK 252m) and Net profit was NOK 0m (NOK 272m).

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