Solstad Offshore ASA - M&A Activity 2024

SOLSTAD OFFSHORE ASA - Multiple contract awards

Solstad Offshore (Solstad) is pleased to announce?contract?awards from Clients

in the offshore energy markets with a combined duration of approx. 600 days

(inclusive of mobilization and demobilization) and a gross value of approx. NOK

800 mill.

The contract awards include the following vessels:

CSV "Normand Baltic" has been awarded a minimum 70 days firm contract

for?providing cable repair support on an offshore wind project in Asia, with

commencement in 2Q 2024, in direct continuation of present charter.

Additionally, "Normand Baltic" has secured a further 150 days firm contract,

with commencement in 1Q 2025, for "Walk to Work" and WROV services on another

offshore wind project in Asia.

CSV "Normand Australis" has been awarded a 90 days firm contract for

installation support on an offshore wind project in Asia, including WROV and

survey services, with commencement in 2Q24.

CSV "Normand Sentinel" has been awarded a contract for 190 days firm for subsea

construction work in West Africa. The contract includes WROV and survey

services, commencement is in 2Q24.

AHTS "Normand Prosper" has been awarded a contract for an FPSO installation

project in West Africa. Duration of this project is estimated to around 60 days

with commencement in 2Q24.

"Normand Australis», «Normand Baltic», "Normand Sentinel" and "Normand Prosper"

are owned by Solstad Maritime AS, in which Solstad Offshore ASA currently holds

31,6 %.

Skudeneshavn, 02. May 2024

Contacts

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

Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA

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