Sale of vessel

12 Dec 2022 08:40 CET

Skudeneshavn, Norway, 12 December 2022 - Normand Ships AS, a wholly owned
subsidiary of Solstad Offshore ASA (Solstad Offshore, OSE: SOFF), have sold the
CSV Normand Jarl to a Buyer outside of the offshore industry.

Delivery of the vessel to the new owner is estimated to take place during Q1
2023.

Solstad Offshore will recognize a gain on the sale of approximately MNOK 420 to
be reflected in the Q1 2023 accounts.

This release is considered to contain inside information related to the listed
securities of SOFF pursuant to the EU Market Abuse Regulation (MAR) and is
subject to the disclosure requirements pursuant to MAR and Section 5-12 the
Norwegian Securities Trading Act. The announcement is made by Liv Karina Døsen
on 12 December 2022 at 08:40 CET.

For further information, please contact:
Lars Peder Solstad, CEO, tel: + 47 91 31 85 85
Kjetil Ramstad, CFO, tel +47 90 75 94 89

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