21.06.2017

Key date announcement – conversion of class B shares (SOFF)

Reference is made to today’s announcement regarding key dates for the mergers between Solstad Offshore, Farstad Shipping and Deep Sea Supply.

Prior to completion of the mergers, SOFF’s share capital consists of 70,687,377 class A shares (ISIN NO0003080608) and 17,999,444 class B shares (ISIN NO0010771215), in total 88,686,821 shares. In connection with completion of the mergers, the class B shares shall be converted to class A (ordinary) shares. The ISIN for the former class A shares will be the ISIN for SOFF’s shares after completion. In this connection, please note the following key dates: Last day of trading of the class B shares: 21 June 2017 Expected date of completion of conversion: 21 June 2017 after close of trading Record date: 23 June 2017 Date of delivery of the converted (ordinary) shares in VPS: 26 June 2017 First day of trading of the converted (ordinary) shares will be 22 June 2017, i.e. before delivery of the shares to the VPS accounts of eligible former holders of the class B shares. Therefore no account-to-account transactions and no transactions with settlement prior to 26 June 2017 will be allowed in the converted shares on the Oslo Stock Exchange in this period.

Contacts
Lars Peder Solstad, Chief Executive Officer at +47 913 18 585
Sven Stakkestad, Deputy Chief Executive Officer at +47 905 15 802

Skudeneshavn, 21 June 2017
olstad Offshore ASA

This information is published in accordance with the requirements of the Continuing Obligations of the Oslo Stock Exchange.