Contract for CSV Normand Clipper

Solstad Offshore ASA has been awarded a long-term contract with Global Offshore,
part of the Global Marine Group for CSV, Normand Clipper. The contract will
commence in 1Q 2020 and have a duration of 3 years firm plus 5 years options
thereafter.

Global Offshore will utilize the vessel to support their cable lay operations
within the renewable energy and oil & gas sectors.

Skudeneshavn, November 13[th], 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.