Solstad Offshore ASA - Share Issue/Capital Change 2016

Key information relating to the subsequent offering

Reference is made to previous announcements by Solstad

Offshore ASA (the "Company") regarding the private

placement and subsequent offering with non-tradable

subscription rights for eligible shareholders.

Date on which the terms of the subsequent offering was

announced: 22 June 2016

Last day including right to receive subscription

rights: 13 July 2016

First day excluding right to receive subscription

rights: 14 July 2016

Record date: 15 July 2016

Date of approval: 13 July 2016

Maximum number of new shares: 3,188,811

Subscription price: NOK 12.50

The subsequent offering will only be announced if the

private placement and the convertible loan to be dealt

with by the Company's extraordinary general meeting on

13 July 2016, are completed.

22 June 2016 Skudeneshavn,

Contacts: Lars Peder Solstad and Sven Stakkestad

(phone +47 52 85 65 00).

This information is subject to the disclosure

requirements pursuant to section 5-12 of the Norwegian

Securities Trading Act.

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