Reminder of last day in the Acceptance Period in the Offer to purchase existing shares in Solstad Maritime Holding AS by Solstad Shipholding AS

26 Jun 2024 08:02 CEST

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN UNITED STATES,
CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION IN WHICH THE DISTRIBUTION OR
RELEASE WOULD BE UNLAWFUL. THIS INCLUDES SHAREHOLDERS WHO HAVE CHANGED THEIR
DOMICILE TO SUCH JURISDICTIONS BUT WHICH MAY ACCESS THEIR VPS ACCOUNTS. PLEASE
SEE IMPORTANT NOTICE AT THE END OF THIS COMMUNICATION.

Skudeneshavn, June 26, 2024 - Reference is made to the stock exchange
announcement published by Solstad Offshore ASA ("SOFF") on 13 June 2024 where
Solstad Shipholding AS ("SHAS"), a wholly owned subsidiary of SOFF, launched an
offer (the "Offer") to purchase up to, but not more than, 200 existing shares in
Solstad Maritime Holding AS ("SMH")from each investor who was allocated 200 or
fewer new shares in the successful placement of 63,497,303 new shares in SMH
(the "Issuance").

SHAS has mandated Pareto Securities AS as manager (the "Manager") in the Offer.

The acceptance period for the Offer commenced 13 June 2024, at 09:00 CEST, and
will end today, 26 June 2024, at 16:30 CEST (the "Acceptance Period").

In order to validly participate in the Offer, shareholders wanting to sell
shares must either (i) ensure that the attached acceptance form is completed in
full and is received by the Manager at acceptance@paretosec.com, or (ii) contact
the Manager at +47 22 87 87 50, before the end of the Acceptance Period.

Allocations in the Offer are expected to be made available by the Manager on or
about 28 June 2024. Participating shareholders may contact the Manager from
12:00 CEST on the day allocations are made available to obtain information about
such allocations. The allocated shares are expected to be collected from the
respective VPS accounts of the shareholders with allocations on or about 28 June
2024. The cash settlement towards the shareholders with allocations is expected
to occur on or about 2 July 2024.

For further information, please contact:

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

Kjetil Ramstad CFO, at +47 90 75 94 89

Pareto Securities AS, at +47 22 87 87 50

Solstad Maritime Holding AS (www.solstad.com/solstad-maritime)

IMPORTANT NOTICE

The Offer will be carried out in accordance with applicable laws and regulations
and information pertaining to the Offer will be disclosed by way of stock
exchange notices.

Shareholders considering to tender their shares in the Offer are advised to
consult with their own tax advisers with respect to the tax position in their
country of residence or other jurisdictions to which they may have a tax
liability as a result of a sale of shares in the Offer.

The Offer and the distribution of this announcement and other information in
connection with the Offer may be restricted by law in certain jurisdictions
(including, but not limited to, the United States, Canada, Australia and Japan).
None of SHAS or the Manager assume any responsibility in the event there is a
violation by any person of such restrictions. This includes shareholders who
have changed their domicile to such jurisdictions but which may access their VPS
accounts. Persons into whose possession this announcement or relevant
information should come are required to inform themselves about and to observe
any such restrictions. The Offer is not being made directly or indirectly in, or
by use of the mails of, or by any means or instrumentality of interstate or
foreign commerce of, or any facilities of a national securities exchange of, the
United States of America, its territories and possessions, any State of the
United States and the District of Columbia (the "United States") or any other
jurisdiction in which this would be unlawful, require registration or other
measures. This includes, but is not limited to, facsimile transmission, internet
delivery, e-mail and telephones. Copies of this release and any related
documents are not being, and must not be, mailed, e-mailed or otherwise
distributed or sent in or into the United States or any such jurisdiction and so
doing may invalidate any purported acceptance.

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