Sale of vessel

Solstad Offshore Singapore Pte. Ltd., a wholly owned subsidiary of
Solstad Farstad ASA, has sold the AHTS Nor Star (2005 built, 5.500
BHP).

Delivery of the vessel to the new owner has taken place today,
Thursday 2nd November, 2017.

The sale of the vessel will result in an immaterial accounting
effect for 4Q 2017.

Contacts:
Lars Peder Solstad, CEO at +47 913 18 585 or
Anders Hall Jomaas, CFO at +47 400 42 918

Skudeneshavn, 2. November 2017

Solstad Farstad ASA

www.solstadfarstad.com

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