Solstad Offshore ASA — M&A Activity 2015

Mar 27, 2015

CONTRACT EXTENSION

CONTRACT EXTENSION

Saipem Ltd has declared their option to extend the

contract for the construction vessel (CSV) "Normand

Cutter" with 1 year from May 2015. This is the last

of a total of three yearly options.

Skudeneshavn, 27. March 2015

Solstad Offshore ASA

Contacts person: Lars Peder Solstad (phone: +47 52

85 65 00)

This information is subject of the disclosure

requirements acc. to §5-12 vphl (Norwegian

Securities Trading Act)