Solstad Offshore ASA — M&A Activity 2021

Nov 11, 2021

Contract award for CSVs

Contract award for CSVs

Solstad Offshore ASA is pleased to announce award of two term contracts for it`s

medium size construction vessels.

Fugro Netherlands Marine BV has chartered the CSV "Normand Mermaid" for a period

of 16 months firm. The contract will commence December 2021.

The present Client on CSV "Normand Baltic" has exercised their option to extend

the contract with another 8 months to July 2022 with further 90 days options

thereafter. The vessel is operating in Taiwan where she is supporting offshore

-wind projects.

Skudeneshavn November 11th, 2021

Contacts

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

Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA

www.solstad.com