Solstad Offshore ASA - Share Issue/Capital Change 2020

Key information relating to subsequent offering

Reference is made to the stock exchange notice by Solstad Offshore ASA earlier

today (the "Notice") regarding the approval by the extraordinary general meeting

of the restructuring of the Solstad Offshore group and the final decisions by

the board of directors, including with respect to the authorisation to the board

to complete the Subsequent Offering (as defined in the Notice).

Please see below the final key dates for the Subsequent Offering:

Date on which the terms and conditions of the Subsequent Offering were

announced: 29 September 2020

Last day including right: 20 October 2020

Ex-date: 21 October 2020

Record date: 22 October 2020

Date of approval: 20 October 2020

Maximum number of new shares: 1,336,973 shares, on consolidated basis (please

refer to the key information on the share consolidation published on 19 October

2020)

Subscription price: NOK 2.80 per share

For further details on the Subsequent Offering, reference is made to the

prospectus prepared by the Company in connection with the restructuring as

published on 19 October 2020.

Skudeneshavn, 20 October 2020

Contact

Lars Peder Solstad CEO, at +47 91 31 85 85

Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA

www.solstad.com

This information is published in accordance with the requirements of the

Continuing Obligations.

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