Contracts for two vessels in Brazil

Petrobras has declared their options to extend the contracts for the two AHTS´s
Far Scout and Far Santana with 1 year.

Both contracts are then firm to 3Q 2020 and the vessels shall support Petrobras
operations in Brazilian waters.

Skudeneshavn, September 12th, 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 § 5-12.