Contract awards for two CSVs

Solstad Offshore ASA is pleased to announce award of two medium term contracts
for its large construction vessels in the second half of 2021.

Normand Navigator has been awarded a contract with an undisclosed client in
South East Asia. The work is scheduled to start in September 2021 and will keep
the vessel utilized until the end of the year.

Normand Frontier has been awarded contract in South America with a large
international contractor. Contract duration is 100 days firm plus 60 days
options excluding mobilization and demobilization. The vessel will support an
ultra-deep subsea project. The vessel has already started mobilization
activities

Skudeneshavn, July 20th, 2021

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