Solstad Offshore ASA — Environmental & Social Information 2021

Aug 20, 2021

Recycling of vessel

Recycling of vessel

Solstad Rederi AS, a wholly owned subsidiary of Solstad Offshore ASA, has sold

the AHTS Sea Panther for recycling.

Delivery of the vessel took place today August 20th, 2021.

The sale of the vessel will result in an immaterial accounting effect for Q3

-2021.

Solstad Offshore ASA is considering several vessels for green recycling as a

part of our efforts to be in the forefront of sustainable and environmental

optimal operations. The recycling will take place at European Shipyards, with

focus on the highest standard on green recycling.

Skudeneshavn, August 20th, 2021

Contacts

Lars Peder Solstad CEO, at +47 91 31 85 85

Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA

www.solstad.com