Solstad Offshore ASA — M&A Activity 2017

Nov 2, 2017

Sale of vessel

Sale of vessel

Solstad Offshore Singapore Pte. Ltd., a wholly owned subsidiary of

Solstad Farstad ASA, has sold the AHTS Nor Star (2005 built, 5.500

BHP).

Delivery of the vessel to the new owner has taken place today,

Thursday 2nd November, 2017.

The sale of the vessel will result in an immaterial accounting

effect for 4Q 2017.

Contacts:

Lars Peder Solstad, CEO at +47 913 18 585 or

Anders Hall Jomaas, CFO at +47 400 42 918

Skudeneshavn, 2. November 2017

Solstad Farstad ASA

www.solstadfarstad.com

This information is subject of the disclosure requirements acc. to

§5-12 vphl (Norwegian Securities Trading Act)