PSV Contracts

As part of the Frame Agreement with Aker BP ASA announced 01.03.19 the large
PSVs "Normand Arctic" (2011, PSV12LNG) and "Normand Leader" (2013, VS499LNG)
have been called off for 12 months firm - both with commencement Q1 2019.

Skudeneshavn March 20th, 2019

Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Anders Hall Jomaas CFO, at +47 40 04 29 18

Solstad Offshore ASA
www.solstad.com

This information is subject of the disclosure requirements according to the
Norwegian Securities Trading Act section ยง5-12