Solstad Offshore ASA — Share Issue/Capital Change 2016

Oct 27, 2016

Subsequent Offerings - Last day of subscription period

Subsequent Offerings - Last day of subscription period

Reference is made to the previous announcements made

by Solstad Offshore ASA ("Solstad Offshore" or

the "Company") related to the subsequent offerings in

Solstad Offshore directed towards (i) shareholders in

Solstad Offshore of up to 3 188 811 class A-shares in

Solstad Offshore, and (ii) shareholders in Rem

Offshore ASA of up to 1 600 000 class B-shares in

Solstad Offshore, hereinafter referred to as

the "Subsequent Offerings".

The subscription period for the Subsequent Offerings

will expire today, 27 October 2016 at 16:30 hours

(CET). Correctly completed subscription forms must be

received by Arctic Securities, or, in the case of

online subscriptions, be registered, within this

deadline. Upon expiry of the subscription period, any

subscription rights that have not been exercised will

expire and have no value.

For more information, please refer to the prospectus

of the Company, dated 9 September 2016

(the "Prospectus"). The Prospectus is available at

www.solstad.no and www.arctic.com.

Skudeneshavn, 27 October 2016

Solstad Offshore ASA

Contacts: Lars Peder Solstad (CEO) and Sven Stakkestad

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

This information is subject to the disclosure

obligation of the Norwegian Securities Trading Act

section 5-12.

Important notice

This document and the information contained herein is

not for release, publication or distribution in whole

or in part in or into the United States. These

materials do not contain or constitute an offer for

sale or the solicitation of an offer to purchase

securities in the United States. The securities

referred to herein have not been and will not be

registered under the U.S. Securities Act of 1933, as

amended, (the "Securities Act") and may not be offered

or sold in the United States absent registration under

the Securities Act or pursuant to an available

exemption from, or a transaction not subject to, the

registration requirements of the Securities Act.

This document is only addressed to and directed at

persons in member states of the European Economic Area

(other than Norway) who are qualified investors within

the meaning of Article 2(1)(e) of the Prospectus

Directive (Directive 2003/71/EC) ("Qualified

Investors") or to and at other persons to whom the

offering can otherwise be made pursuant to available

exemptions under the Prospectus Directive. In

addition, in the United Kingdom, this document is

being distributed only to, and is directed only at,

Qualified Investors who are persons who have

professional experience in matters relating to

investments falling within Article 19(5) of the

Financial Services and Markets Act 2000 (Financial

Promotion) Order 2005, as amended (the "Order") or who

are high net worth entities falling within Article 49

(2)(a) to (d) of the Order, and other persons to whom

it may otherwise lawfully be communicated (all such

persons together being referred to as "relevant

persons"). Any investment activity to which this

document relates is available only to relevant persons

in the United Kingdom, and will only be engaged with

such persons. The Manager is acting for the Company in

connection with the offerings and no one else, and

will not be responsible to anyone other than the

Company for providing the protections offered to

clients of the Manager nor for providing advice in

relation to the offering.