PSV contract awarded by Wintershall DEA

Wintershall DEA in Norway have awarded Solstad Offshore ASA a medium-term
contract to support their operations in Norway. The award is a call off from an
established frame agreement. Commencement of the contract will take place during
Q4 2019, estimated duration is 120-200 days and it will be covered by the large
PSV Normand Skude.

Skudeneshavn, October 31st, 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 ยง 5-12.