Reference is made to previous announcements by Solstad
Offshore ASA (the "Company") regarding the private
placement and subsequent offering with non-tradable
subscription rights for eligible shareholders.
Date on which the terms of the subsequent offering was
announced: 22 June 2016
Last day including right to receive subscription
rights: 13 July 2016
First day excluding right to receive subscription
rights: 14 July 2016
Record date: 15 July 2016
Date of approval: 13 July 2016
Maximum number of new shares: 3,188,811
Subscription price: NOK 12.50
The subsequent offering will only be announced if the
private placement and the convertible loan to be dealt
with by the Company's extraordinary general meeting on
13 July 2016, are completed.
22 June 2016 Skudeneshavn,
Contacts: Lars Peder Solstad and Sven Stakkestad
(phone +47 52 85 65 00).
This information is subject to the disclosure
requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act.