Long-term contracts awarded in Brazil

Solstad Offshore is pleased to announce that Equinor in Brazil has awarded the
PSVs Sea Brasil and Far Scotsman new long-term contracts. Both vessels are
contracted for 2 years with commencement in Dec-2021 and Jun-2022, respectively,
both in direct continuation with present contracts.

The contracts also cover extensions for 2 yearly options for Sea Brasil and 1
yearly option for Far Scotsman. Both vessels will be supporting Equinor
activities in Brazil.

Skudeneshavn December 6[th], 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