Solstad Offshore ASA — M&A Activity 2022

Dec 12, 2022

Sale of vessel

Sale of vessel

Skudeneshavn, Norway, 12 December 2022 - Normand Ships AS, a wholly owned

subsidiary of Solstad Offshore ASA (Solstad Offshore, OSE: SOFF), have sold the

CSV Normand Jarl to a Buyer outside of the offshore industry.

Delivery of the vessel to the new owner is estimated to take place during Q1

Solstad Offshore will recognize a gain on the sale of approximately MNOK 420 to

be reflected in the Q1 2023 accounts.

This release is considered to contain inside information related to the listed

securities of SOFF pursuant to the EU Market Abuse Regulation (MAR) and is

subject to the disclosure requirements pursuant to MAR and Section 5-12 the

Norwegian Securities Trading Act. The announcement is made by Liv Karina Døsen

on 12 December 2022 at 08:40 CET.

For further information, please contact:

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

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