Solstad Offshore ASA — M&A Activity 2022

Dec 23, 2022

Letters of Award for CSV Normand Maximus

Letters of Award for CSV Normand Maximus

Skudeneshavn, Norway, 23 December 2022 - Solstad Offshore ASA (Solstad, OSE:

SOFF) has received Letters of Award from various undisclosed subsea contractors

for hire of the CSV Normand Maximus for execution of projects during 2023.

The projects have a combined duration of minimum 200 days plus additional option

periods, and value of the firm part is approx. NOK 500 million.

The subsea construction vessel Normand Maximus is 178 meters long, has a 900t

AHC crane, 550t VLS, can accommodate up to 180 people and is the largest vessel

in Solstad's fleet

For further information, please contact:

Lars Peder Solstad, CEO, tel: + 47 91 31 85 85

Kjetil Ramstad, CFO, tel +47 90 75 94 89