RESULT 2011

The Board of Directors of Solstad Offshore ASA
approved in a Board meeting the 28. March 2012, the
annual report and accounts for 2011. The net loss for
the Group for 2011 was NOK 400,2 mill, which in
accordance with the preliminary result announced 28.
February 2012.

Copy of the annual report and accounts for 2011 are
published on www.solstad.no. The annual report will
be published on the same web page within 18 April
2012. The General Meeting is planned to be 9. May
2012. Proposed dividends from Solstad Offshore ASA is
NOK 1,50 per share, and will be proposed to be paid
6st June 2012. Provided that the General Meeting
adopts the proposal, the share will be traded ex-
dividend as from 10th May 2012.

Skudeneshavn, 28. March 2012

Solstad Offshore ASA

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