Solstad Offshore ASA — Earnings Release 2020

Mar 1, 2021

Boa Offshore AS - Consolidated Fourth quarter report 2020

Boa Offshore AS - Consolidated Fourth quarter report 2020

Boa Offshore AS reports consolidated operating revenues of NOK 197m in 4Q 2020 (NOK 211m in the same quarter 2019). Operating profit before depreciation (EBITDA) was NOK 47m (NOK 34m). Net financial items was NOK -21m (NOK -61m) and Net profit was NOK -37m (NOK -127m).

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