Contract extension for CSV Normand Tonjer

Solstad Offshore ASA is pleased to announce that a client has exercised their
option to extend the present contract for the CSV Normand Tonjer with 12 months
to November 2020.

In addition, the client has the option to extend the contract until September
2021.

Solstad Offshore owns 56% of "Normand Tonjer"

Skudeneshavn, December 5th, 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.