Supplying energy
markets. Worldwide.

Company Disclosure

Commencement of subscription period for Subsequent Offering

Reference is made to the stock exchange notices by Solstad Offshore ASA (“Solstad” or “the Company”) on 19 and 20 October 2020, respectively, regarding the approval of prospectus (the “Prospectus”) and key information relating to a subsequent offering of 1,336,973 new shares in the Company, each with a par value of NOK 1.00 (the “Subsequent Offering”), at a subscription price of NOK 2.80 per share (the “Subscription Price”). The subscription period will commence today, 26 October 2020, at 09:00 CET and expire on 9 November 2020 at 16:30 CET (the “Subscription Period”).

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Company Disclosure

Subsequent offering: update on number of subscription rights

Reference is made to the stock exchange notice by Solstad Offshore ASA on 20 October 2020 at 11:49 CET regarding inter alia the contemplated subsequent offering towards Eligible Shareholders (as defined in the aforementioned notice).

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Company Disclosure

Correction on tradability of new shares

Reference is made to the stock exchange notice by Solstad Offshore ASA on 20 October 2020 at 17:09 CET regarding the registration of the new share capital following completion of the restructuring of the Solstad Offshore group.

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Company Disclosure

Ex share consolidation and subscription right in subsequent offering today

Reference is made to the stock exchange notices by Solstad Offshore ASA on 19 October 2020 on key information relating to the share consolidation (reverse split) and on 20 October 2020 on key information relating to the contemplated subsequent offering, both as approved by the extraordinary general meeting on 20 October 2020.

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Company Disclosure

New share capital registered

Reference is made to the stock exchange notice by Solstad Offshore ASA (the “Company”) 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 Company’s board of directors based on the level of subscription in the Private Placements. All terms used in this notice shall have the meaning ascribed to such terms in the Notice.

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Over a decade with
sustainability awareness.

We acknowledged the climate challenge, and our contribution to it, many years ago. With the successful Solstad Green Operations program, we have a head start on many of our competitors when it comes to improving our carbon footprint.

Vision and values

Our vision is to further enhance our reputation as a reliable world-leading offshore shipping company acknowledged as a supplier of excellence by our people, clients and other stakeholders. We aim to achieve this by delivering high quality services every single day.

Covid-19

Solstad with a foot-print in all global regions, is following the advice given by government and health authorities during the COVID-19 pandemic in all areas of its operations.