Sale of Vessel

Solstad Rederi AS, a wholly owned subsidiary of Solstad Offshore ASA, has sold the AHTS Nor Spring.

The vessel has been in layup in Asia since 2020. Delivery of the vessel to the new owner took place today, November 1, 2023.

The sale of the vessel will result in a positive accounting effect of approximately MNOK 50 to be reflected in the Q4 2023 accounts.

Skudeneshavn, November 1, 2023

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

Solstad Offshore ASA