Solstad Offshore ASA - M&A Activity 2017

Contract for two CSV's with DONG Energy Power A/S

Solstad Offshore ASA (SOFF) has entered into a

contract with Dong Energy Wind Power A/S for hire of

the CSV "Rem Installer" for a period of 23 months firm

with further 6 months option and an additional CSV

from the SOFF fleet, to be nominated at a later stage,

for a period of 7 months firm with further 8 months

option.

"Rem Installer" that will be renamed "Normand Jarl"

will commence her contract in February 2017 ,while the

contract for vessel number two will commence 1st April

This contract with DONG Energy Power A/S is a

strategically important contract for SOFF in the

company's continued commitment to the renewable energy

segments.

The commercial terms are confidential between the

parties.

Skudeneshavn, 6th January 2017

Solstad Offshore ASA

Contact: Lars Peder Solstad (Tlf: +47 52 85 65 00).

This information is subject of the disclosure

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

Trading Act)

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