Solstad Offshore ASA — M&A Activity 2019

Dec 16, 2019

Contract extensions for PSV's

Contract extensions for PSV's

Solstad Offshore ASA is pleased to announce that Apache North Sea Limited has

extended the charters of PSV's Sea Flyer and Sea Forth.

The contract extensions are one year firm plus options commencing January 2020,

in direct continuation of the present contract.

The Vessels have been supporting Apache since January 2014.

Skudeneshavn, December 16[th], 2019

Contacts

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

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

Solstad Offshore ASA

www.solstad.com

This information is subject of the disclosure requirements according to the

Norwegian Securities Trading Act section § 5-12.