Solstad Offshore ASA - M&A Activity 2019

AHTS contracts awarded by INPEX

Solstad Offshore ASA ("Solstad") has entered into a contract with Inpex

Operations Australia Pty for the provision of two anchor handlers to support

additional drilling for the Ichthys LNG development.

Normand Scorpion and Normand Sirius will be contracted to INPEX for a period of

3 years.

The anchor handlers are expected to mobilise out of Broome, Australia in the

first quarter of 2020.

"We are delighted to receive this contract award from INPEX. This is a

continuation of earlier support provided to the Ichthys LNG development and we

relish the opportunity to continue our working relationship for years to come"

said Managing Director for Solstad Offshore Asia Pacific, Keith Soutar.

Skudeneshavn, October 30th, 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.

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