Long-term contracts for two Platform Supply Vessels (PSV)

Solstad Offshore ASA (SOFF) has been awarded long-term
contracts for the PSVs Normand Server and Normand Supporter
by ConocoPhillips Skandinavia AS.

The contracts have a duration of 4 years and 8 months each,
with further 3 yearly options. The contracts will commence
in April and May 2017 respectively.

Both vessels are currently in lay-up, and will be activated
as a result of these awards. The commercial terms of the
contracts are confidential between the parties.

Contacts: Lars Peder Solstad (Phone: +47 91 31 85 85 )
Skudeneshavn, 24 April 2017
Solstad Offshore ASA

This information is subject of the disclosure requirements
acc. to ยง5-12 vphl (Norwegian Securities Trading Act)