Solstad Offshore ASA — Earnings Release 2023

May 30, 2023

Boa Offshore AS - Consolidated First quarter report 2023

Boa Offshore AS - Consolidated First quarter report 2023

Boa Offshore AS reports consolidated operating revenues of NOK 105m in 1Q 2023 (NOK 191m in the same quarter 2022). Operating profit before depreciation (EBITDA) was NOK 35,2m (NOK 51,8m). Net financial items were NOK -30,1m (NOK -20,9m) and Net profit was NOK -18,5m (NOK -1,0m).

For further information, please contact:

Ole Bjørnevik, CEO: Tel +47 926 14 510, or

Albert Strand, Finance Director +47 907 44 461

About Boa Offshore:

Boa Offshore is a Norwegian-based global offshore vessel owner, manager and operator with a well-diversified fleet of 24 units focused on 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.