Primary Insider Notification

Aker Capital AS, which is 100% owned by Aker ASA and represented on the Board of Solstad Offshore ASA (the “Company”) by Frank Ove Reite due to its ownership in the Company, has on December 1st, 2020 acquired 2,382,757 shares in the Company from Ocean Yield ASA (a company controlled by Aker). The acquisition is made at a price per share of NOK 5.16 which equals to the closing price on Oslo Stock Exchange yesterday, December 1st, 2020.

Following the transaction, Aker Capital AS and its related party (Fausken Invest AS, a company controlled by Reite) will hold a total of 18,687,150 shares in the Company, equal to 24,96% of the shares and votes in the Company, and Ocean Yield ASA will no longer hold any shares in the Company.

Skudeneshavn, December 2nd, 2020

Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA

This information is subject of the disclosure requirements pursuant to sections 4-2 and 5-12  of the Norwegian Securities Trading Act.