Contract award in Brazil

Solstad Offshore ASA is pleased to announce a new contract for the CSV Normand
Flower with PETROBRAS. The contract is for 3 years firm with 475 days options
thereafter.

Normand Flower will sail under REB Flag, supporting exploration and production
activities in Brazilian continental shelf. Commencement of the contract will
take place within April 2022.

Skudeneshavn, August 5th, 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