Solstad Offshore ASA - M&A Activity 2017

Update on the merger process

Skudeneshavn, Ålesund and Limassol, 9 June 2017

Reference is made to previous stock exchange notices

regarding the proposed mergers between (i) Farstad Shipping

ASA and Solship Invest 2 AS with the latter as the surviving

entity and with settlement in shares in Solstad Offshore ASA

("SOFF"), (ii) Deep Sea Supply Plc and Solship Sub AS with

the latter as the surviving entity and (iii) Solship Sub AS

and Solship Invest 3 AS with the latter as the surviving

entity and with settlement in SOFF shares, together referred

as the "Mergers".

Preparations for completion of the Mergers have been moving

forward and are now in their final stages. Key dates for

completion of the Mergers will be announced as soon as the

exact date for completion has been determined.

Contact:

Lars Peder Solstad, Chief Executive Officer of Solstad

Offshore ASA at +47 913 18 585 or Sven Stakkestad, Deputy

Chief Executive Officer of Solstad Offshore ASA at +47 905

15 802.

Karl-Johan Bakken, Chief Executive Officer of Farstad

Shipping ASA at +47 901 05 697 or Olav Haugland, Chief

Financial Officer of Farstad Shipping ASA at +47 915 41 809.

Anders Hall Jomaas, Chief Financial Officer of Deep Sea

Supply Plc at +47 400 42 918.

This information is published in accordance with the

requirements of the Continuing Obligations of the Oslo Stock

Exchange.

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