New contract for AHTS Normand Ferking

Solstad Offshore ASA (SOFF) has entered into a new
contract with Statoil for hire of SOFF's anchor
handling vessel (AHTS) "Normand Ferking"

"Normand Ferking" has worked on contract for Statoil
since she was delivered from the shipyard in 2007.

The duration of the new contract is firm for 3 years.
In addition Statoil has the option to extend with
further 3 x 1 year. The new contract will commence in
direct extension on the current charter agreement
during September 2013.

As a part of the agreement, Solstad shall supply ROV
services from "Normand Ferking". Agreement has been
reached with DeepOcean AS for this service.

The commercial terms between the parties are
confidential, but it gives SOFF an acceptable return
on the investment.

Skudeneshavn, 26. February 2013

Solstad Offshore ASA

Contact persons: Lars Peder Solstad or Sven
Stakkestad (Phone: +47 52 85 65 00)

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