Solstad Offshore ASA — M&A Activity 2019

Sep 12, 2019

Contracts for two vessels in Brazil

Contracts for two vessels in Brazil

Petrobras has declared their options to extend the contracts for the two AHTS´s

Far Scout and Far Santana with 1 year.

Both contracts are then firm to 3Q 2020 and the vessels shall support Petrobras

operations in Brazilian waters.

Skudeneshavn, September 12th, 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.