Solstad Offshore ASA - Contract Award

Skudeneshavn, July 16 2025

Solstad Offshore ASA ("SOFF") is pleased to announce a contract award for the
CSV "Normand Pioneer" with Petrobras.

The vessel will be on a bareboat contract from the vessel owner Solstad Maritime
ASA (SOMA) to SOFF, which is the contract holder with Petrobras.

"Normand Pioneer" will be mobilized with a heave compensated E-type gangway
system from Ampelmann to the contract that will commence in October 2025.
Duration of the contract is 180 days firm and has a gross value of approximately
USD 17 million, including mobilization.

Contacts:

Lars Peder Solstad, CEO: +47 91 31 85 85

Kjetil Ramstad, CFO: +47 90 75 94 89

Solstad Offshore ASA

www.solstad.comĀ (https://solstad-maritime.com)