New Contracts and Extensions

13 Feb 2023 12:35 CET

Skudeneshavn, Norway, 13 February 2022 - Solstad Offshore ASA (Solstad, OSE:
SOFF) is pleased to announce several new contracts and contract extensions for
various PSVs (platform supply vessels) and AHTS vessels (anchor handling tug
supply vessels).

The contracts have a combined firm duration of approximately 10 vessel years and
will support various clients in the global markets. The contracts will be
executed by 14 of the companies PSVs and AHTS vessels and have a value of
approximately NOK 830 million.

"These new contracts reflect a continued strong market for offshore support
vessels. In general, we see that commercial rates continue to improve and
clients are prepared to commit to longer contracts than what we have experienced
in recent years," says Kenneth Lande, EVP Global AHTS & PSV of Solstad.

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

More information:
Access the news on Oslo Bors NewsWeb site