FINANCIAL REPORT FOR THE 3rd QUARTER 2014

- Operating income for the third quarter was NOK
1.127 million (NOK 992 million)
- Cash flow from operations (EBITDA) for the same
period was NOK 583 million (NOK 510 million)
- Operating income for the three first quarters of
2014 was NOK 2.862 million (NOK 2.741 million)
- EBITDA for the three first quarters of 2014 was NOK
1.320 million (NOK 1.218 million)
- The Group's result before tax by third quarter 2014
was a profit of NOK 566 million (NOK 458 million)

There will be held a presentation of the 3rd quarter
results 2014, on Tuesday 11. November, 2014 at 09:00.
The presentation will take place at Rederiforbundet,
Rådhusgt. 25, 7th floor, Oslo.

Skudeneshavn, 10. November 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)