CONTRACT EXTENSION

Saipem Ltd has declared their option to extend the
contract for the construction vessel (CSV) "Normand
Cutter" with 1 year from May 2013. This is the first
of a total of three yearly options.



Skudeneshavn, 22. March 2013



Solstad Offshore ASA



Contacts person: Lars Peder Solstad (phone: +47 52 85
65 00)



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