Solstad Offshore ASA — Share Issue/Capital Change 2021

Nov 11, 2021

Contract award for CSVs

Solstad Offshore ASA is pleased to announce award of two term contracts for it`s medium size construction vessels.

Fugro Netherlands Marine BV has chartered the CSV "Normand Mermaid" for a period of 16 months firm. The contract will commence December 2021.

The present Client on CSV "Normand Baltic" has exercised their option to extend the contract with another 8 months to July 2022 with further 90 days options thereafter. The vessel is operating in Taiwan where she is supporting offshore-wind projects.

Skudeneshavn November 11th, 2021

Contacts 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