Contract Award for CSV Normand Frontier

10 Jan 2025 15:23 CET

Solstad Offshore ASA ("Solstad") is pleased to announce a three-year contract
award with an international contractor for the CSV Normand Frontier.

The firm contract has an immediate startup and will keep the Normand Frontier
fully committed until end 2027.

The commercial terms are confidential, but in line with current market levels
for this type of vessel.

The vessel will support the client's operations worldwide. As part of the
charter party, Solstad, together with Omega Subsea AS, will deliver two work
class ROVs (WROVs) including manning, tooling, survey services, and project
personnel.

Normand Frontier is owned by Solstad Maritime Holding AS, in which Solstad
Offshore ASA holds 27,3%.

Skudeneshavn, January 10, 2025

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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