FINANCIAL REPORT FOR THE 1st QUARTER 2014

- Operating revenue for the first quarter was NOK 870
million (NOK 798 million)
- Cash flow from operations (EBITDA) was NOK 352
million (NOK 299 million)
- A resolution was passed at the ordinary General
Meeting to pay a dividend of NOK 5 per share for 2013.
- So far in 2014 new contracts were signed for
approx. NOK 4,7 billion.

There will be held a presentation of the 1st quarter
results 2014, on Tuesday 20. May, 2014 at 11:30. The
presentation will take place at Rederiforbundet,
Rådhusgt. 25, 7th floor, Oslo.

Skudeneshavn, 19. May 2014

Solstad Offshore ASA

Contacts: Lars Peder Solstad and 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)

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