Solstad Offshore ASA — M&A Activity 2025

Jan 16, 2025

Solstad Offshore ASA - Investment in Omega Subsea AS completed

Solstad Offshore ASA - Investment in Omega Subsea AS completed

Skudeneshavn, 16 January 2025

Reference is made to the stock exchange announcement of 20 December

2024 regarding Solstad Subsea Holding AS' ("Solstad") acquisition of 35,8 %

ownership share in Omega Subsea AS.

Following approval from the Norwegian Competition Authority received earlier

this week, the transaction has been completed today.

Solstad Subsea Holding AS is a wholly owned subsidiary of Solstad Offshore ASA.

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