DELIVERY AND LONG TERM FINANCING

Solstad Offshore ASA (SOFF) has today taken delivery
of "Normand Arctic" from STX OSV AS,
Langsten. "Normand Arctic" is a large LNG fuelled
platform supply vessel (PSV). The vessel will be
trading in the North Sea for Statoil for a firm
period of 3 months with additional 5 montly optins.

A long-term facility of NOK 326,5 million has been
drawn with DNB Bank ASA and Swedbank AB.

Contacts: Lars Peder Solstad and Sven Stakkestad
(phone +47 52 85 65 00).

Skudeneshavn, 6. January 2012

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