Solstad Offshore ASA — Share Issue/Capital Change 2016

Oct 19, 2016

Applications by primary insiders

Applications by primary insiders

19 October 2016

Reference is made to the stock exchange announcement

on 14 October 2016 made by Solstad Offshore ASA

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

distribution of allocation rights to certain primary

insiders in the Company.

The Company has on 19 October 2016 received

applications from the following primary insider.

Name: Owe Høines

Position: Managing Director for Ivan AS

Shareholding as of Record Date: 26,200

Allocation Rights: 4,062

Total shareholding after allocation: 30,262

The primary insider is guaranteed allocation up to the

number of allocation rights as stated above.

Skudeneshavn, 19 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.