Solstad Offshore ASA - Share Issue/Capital Change 2017

Key date announcement - conversion of class B shares (SOFF)

Reference is made to today's announcement regarding key

dates for the mergers between Solstad Offshore, Farstad

Shipping and Deep Sea Supply.

Prior to completion of the mergers, SOFF's share capital

consists of 70,687,377 class A shares (ISIN NO0003080608)

and 17,999,444 class B shares (ISIN NO0010771215), in total

88,686,821 shares. In connection with completion of the

mergers, the class B shares shall be converted to class A

(ordinary) shares. The ISIN for the former class A shares

will be the ISIN for SOFF's shares after completion. In this

connection, please note the following key dates:

Last day of trading of the class B shares: 21 June 2017

Expected date of completion of conversion: 21 June 2017

after close of trading

Record date: 23 June 2017

Date of delivery of the converted (ordinary) shares in VPS:

26 June 2017

First day of trading of the converted (ordinary) shares will

be 22 June 2017, i.e. before delivery of the shares to the

VPS accounts of eligible former holders of the class B

shares. Therefore no account-to-account transactions and no

transactions with settlement prior to 26 June 2017 will be

allowed in the converted shares on the Oslo Stock Exchange

in this period.

Contact:

Lars Peder Solstad, Chief Executive Officer of Solstad

Offshore ASA at +47 913 18 585 or Sven Stakkestad, Deputy

Chief Executive Officer of Solstad Offshore ASA at +47 905

15 802.

Skudeneshavn, 21 June 2017

Solstad Offshore ASA

This information is published in accordance with the

requirements of the Continuing Obligations of the Oslo Stock

Exchange.

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