Information to Bondholders regarding completion of the Restructuring

Reference is made to the Summons to Bondholders’ Meeting dated 14 May 2020.

Please find attached letters from Nordic Trustee AS to Bondholders in ISIN NO0010713548 and ISIN NO0010894595.

Skudeneshavn, October 16th, 2020

Kjetil Ramstad CFO, at +47 907 59 489

Solstad Offshore ASA

This information is subject of the disclosure requirements according to the Norwegian Securities Trading Act section § 5-12.