CONTRACT AWARDS FOR "NORMAND TONJER AND NORMAND FLOWER"

Solstad Offshore ASA (SOFF) has been awarded a
contract with Gwynt Y Mor Offshore Wind Farm ltd (60%
RWE Innogy GmbH, 30% Stadwerke München Gmbh and 10%
Siemens AG) for the CSV "Normand Tonjer". The
duration of the contract is approx. 17 months firm
with additional options. The new contract will
commence directly after completion present charter
beginning December 2012.

In addition SOFF has been awarded a new contract with
Visser & Smit Marine Contracting BV (VSMC) for rental
of the CSV "Normand Flower". The duration of the
contract is 230 days firm and additional 3 months
option. The firm part includes a paid stand-by period
of approx. 80 days (December -12 to February -13)

The Normand Flower has been working for VSMC since
March 2012, the stand-by period will among other
tasks be utilized to upgrade the vessels crane
capacity, by installing a new offshore crane with 150
ton lifting capacity.

The total value for the firm parts of the two
contracts are approx. NOK 140 mill.

Skudeneshavn, 10th December 2012

Solstad Offshore ASA
Contact person: Lars Peder Solstad (Tlf. +47 52 85 65
00)

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