Solstad Offshore ASA — Share Issue/Capital Change 2016

Oct 14, 2016

Primary insider notification regarding allocation rights in the subsequent offering in Solstad Offshore ASA directed at shareholders in Solstad Offshore ASA

Primary insider notification regarding allocation rights in the subsequent offering in Solstad Offshore ASA directed at shareholders in Solstad Offshore ASA

Reference is made to the stock exchange announcement

on 14 October 2016 made by Solstad Offshore ASA

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

inter alia the subsequent repair offering in Solstad

Offshore directed at shareholders in Solstad Offshore

as per the end of 13 July 2016 who were not invited to

participate in the private placement directed at Aker

and the Solstad Family and who are not resident in a

jurisdiction where such offering would be unlawful, or

would (in jurisdictions other than Norway) require any

prospectus filing, registration or similar action

(the "Eligible Solstad Shareholders").

Eligible Solstad Shareholders will receive 0.155089

allocation rights ("Solstad Allocation Rights") for

each share held as per the end of 13 July 2016 and as

registered in the VPS as of 15 July 2015 (the "Record

Date"). Certain primary insiders of the Company have

received Allocation Rights in the subsequent offering.

The attached table sets out details in respect of such

primary insiders.

Skudeneshavn, 14 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.