Solstad Offshore ASA - Share Issue/Capital Change 2016

Registration of share capital increase pertaining to the Solstad Subsequent Offering in the Norwegian Register of Business Enterprises

Reference is made to the stock exchange announcement

published on 28 October 2016, in which Solstad

Offshore ASA ("Solstad Offshore" or the "Company")

announced the final result of the subsequent repair

offerings in Solstad Offshore directed towards

shareholders in Solstad Offshore (the "Solstad

Subsequent Offering") and Rem Offshore ASA (the "Rem

Subsequent Offering").

The share capital increase pertaining to the Solstad

Subsequent Offering has today been registered in the

Norwegian Register of Business Enterprises. Following

such registration, the Company's share capital is NOK

129 374 754, consisting of 64 687 377 shares each of

par value NOK 2. Each share represents one vote in the

Company's general meeting.

Reference is made to stock exchange announcement 28

October 2016 for details on the number of shares held

by the Solstad Family (as defined therein) following

registration of the share capital increase pertaining

to the Solstad Subsequent Offering, as well as the

future registration of the Rem Subsequent Offering,

and which share of the votes and shares this

constitutes.

This information is subject to disclosure requirements

pursuant to section 5-12 of the Norwegian Securities

Trading Act.

Skudeneshavn, 4 November 2016

Solstad Offshore ASA

Contacts: Lars Peder Solstad (CEO) and Sven Stakkestad

(deputy CEO), phone +47 52 85 65 00.

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