FINANCIAL REPORT FOR THE 3RD QUARTER 2017

09.11.2017 22:52

- Q3 2017 is the first quarter where profit and loss includes all merged entities. Hence, presented figures are not comparable to previous periods.

- Operating income was MNOK 1,409 (MNOK 637) in Q3 2017 and MNOK 2,688 (MNOK 2,107) YTD 2017

- EBITDA adjusted for operational lease was MNOK 384 (MNOK 238) in Q3 2017 and MNOK 734 (MNOK 859) YTD 2017

- Cash position as per 30.09.2017 was MNOK 2.114

- Net interest bearing debt was MNOK 26,859 which is a reduction of MNOK 1,539 since 30.06.2017.

There will be held a presentation of the 3rd quarter results 2017, on Friday November 10, 2017 at 09:00. The presentation will take place at Rederiforbundet, Rådhusgt. 25, 7th floor, Oslo.

Skudeneshavn, November 9, 2017

Solstad Offshore ASA

Contacts: Lars Peder Solstad and Anders Hall Jomaas (phone +47 52 85 65 00).

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

Attachments on www.newsweb.no