Sale of vessels

Deep Sea Supply Shipowning AS and Deep Sea Supply Shipowning I AS, wholly owned
subsidiaries of Solstad Offshore ASA, has sold the PSVs Sea Angler (built 2007,
5 450 BHP), Sea Bass (built 2008, 5 450 BHP) and Sea Turbot (built 2008, 5 450
BHP). Delivery of the vessels to the new owner took place today Thursday
February 4th, 2021.

The sale of the vessels will result in an immaterial accounting effect for 1Q
2021.

Skudeneshavn, February 4th, 2020

Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA
www.solstad.com