Solstad Offshore ASA — M&A Activity 2017

Feb 14, 2017

Sale of vessel

Sale of vessel

Solstad Offshore (SOFF) has an agreement in place for

sale of the subsea construction vessel "Rem Etive".

The sale will be effective upon the completion of the

existing contract, and delivery to new owners will

take place during Q2 2017.

The sale will give a booked profit of MNOK18 and a net

cash effect of approx. MNOK50 after repayment of the

vessel debt.

Contact: Lars Peder Solstad (Phone: +47 91 31 85 85 )

Skudeneshavn, 14 February 2017

Solstad Offshore ASA

This information is subject of the disclosure

requirements acc. to §5-12 vphl (Norwegian Securities

Trading Act)