Reference is made to the stock exchange notice by Solstad Offshore ASA (the
"Company") earlier today (the "Notice") regarding the approval by the
extraordinary general meeting of the restructuring of the Solstad Offshore group
and the final decisions by the Company's board of directors based on the level
of subscription in the Private Placements. All terms used in this notice shall
have the meaning ascribed to such terms in the Notice.
Following the resolutions as further detailed in the Notice, the new share
capital, the new number of shares and the new par value of each share have been
registered with the Norwegian Register of Business Enterprises:
Share capital: NOK 72,883,250
Number of shares: 72,883,250
Par value of each share: NOK 1
The shares issued in the Private Placements are expected to be delivered in the
VPS on 23 October 2020 and may also be traded broker-to-broker before such date
with agreed delivery in VPS from and including 23 October 2020.
Skudeneshavn, 20 October 2020
This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.