Solstad Offshore ASA - M&A Activity 2018

Announcment of awarded PSV contract Impex Australia

INPEX Australia has awarded SolstadFarstad (SOFF) two contracts for the

provision of vessels, Far Swan (2006, VS 470 MK II Design) and Sea Tortuga

(2014, STX 05-L CD Design).

The contract for Sea Tortuga will commence during April 2018 for a period of 5

months firm, with a further 3 x 1 month options. The Contract for Far Swan

commenced on the 4th April 2018 for 1 month firm, followed by 5 x 1 month

options. Both vessels will operate in Australian waters on the Ichthys LNG

Project.

"We are pleased to announce that we have succeeded in securing contracts with

INPEX Australia, one of our key clients in Australia. The addition of the Sea

Tortuga and Far Swan supplements SolstadFarstad's participation on the Ichthys

LNG Project, with the Far Scorpion and Far Sword already working on long term

contracts for INPEX in Australia" says Kenneth Lande, EVP - Strategic Regions

Segment of SolstadFarstad ASA.

Skudeneshavn, April 6th, 2018

Contacts

Lars Peder Solstad CEO, at +47 91 31 85 85.

Anders Hall Jomaas CFO, at +47 40 04 29 18

Solstad Farstad ASA

www.solstadfarstad.com

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

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