Contract extension for CSV Normand Installer

Solstad Offshore ASA is pleased to announce that SBM Offshore has extended the
charter for the CSV Normand Installer from an original 105 days commitment
(reported August 2018) to a 1-year contract from January 2020, in direct
continuation with present contract.

The vessel is jointly owned by SBM and Solstad Offshore and has been on a
contract to SBM since in 2006.

Skudeneshavn, December 10[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.