Far Senator and Normand Statesman Bareboat arrangements

14 Mar 2023 08:31 CET

Normand Chartering AS, as subsidiary of Solstad Offshore ASA has since October
2020 chartered the vessels "Far Senator" and "Normand Statesman" on bareboat
terms. Ocean Yield ASA has exercised its right under the bareboat charters to
have the vessels redelivered. The vessels will thus be redelivered to their
owner at the end of their current commitments. The redelivery of the vessels
will not result in any additional costs for the Solstad group, and will not
result in any accounting effects for the Solstad group.

Skudeneshavn, March 14[th], 2022

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

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