Multiple contract awards in Brazil

12 Jun 2024 14:00 CEST

Solstad Offshore ASA (Solstad) announces multiple contract awards from
Petrobras, scheduled to commence in the second half of 2024 and first half of
2025. The combined gross contract value is approximately NOK 2,6 billion.

Petrobras has contracted the CSV Normand Poseidon and the AHTSs Normand Sagaris
and Normand Ferking, all owned by Solstad Maritime AS in which Solstad Offshore
ASA holds a 31.6 percent ownership share.

The Normand Poseidon has been awarded a four-year firm contract scheduled to
commence in the third quarter of 2024 in continuation of its current charter
with Petrobras.

The AHTSs Normand Sagaris and Normand Ferking have each been awarded a three
-year firm contract for anchor-handling duties. Normand Sagaris is scheduled to
commence the new contract in 4Q 2024 or 1Q 2025 and, additionally, its current
contract with Petrobras has been extended until November 2024. Normand Ferking
will commence its contract in 2Q 2025.

"We are very pleased to announce these contract awards from Petrobras in
Brazil", says Lars Peder Solstad, CEO at Solstad Offshore. "We have worked with
Petrobras since 1996 and Solstad is well positioned to take on more work in the
buoyant Brazilian offshore market".

Skudeneshavn, 12 June 2024

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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