Solstad Offshore ASA - Mandatory Notification of Trade

02 Apr 2025 18:58 CEST

Skudeneshavn, 2 April 2025

Reference is made to the stock exchange announcement made by AMSC ASA ("AMSC")
on 25 November 2024 relating to Aker Capital AS' ("Aker Capital") total return
swap ("TRS") agreements with financial exposure to 22,155,088 underlying shares
in AMSC. Reference is further made to the stock exchange announcement made by
AMSC on 1 April 2025 regarding proposal to distribute 91,422,601 shares in
Solstad Maritime Holding AS ("SMH") as dividend-in-kind to its shareholders in
connection with the contemplated listing of SMH on Euronext Oslo Børs.

The shares in SMH are linked to the shares in Solstad Offshore ASA ("SOFF"), cf.
the Market Abuse Regulation article 19.

Aker Capital, a wholly owned subsidiary of Aker ASA and close associate of Frank
O. Reite (board member in SOFF and SMH), has today exercised a right under the
TRS agreements to assume the SMH shares that are to be received by the TRS
counterparties as dividend-in-kind from AMSC on the hedge shares held by them in
connection with the TRS agreements.

Please see attachment for more information regarding the transactions in
accordance with Regulation EU 596/2014 (MAR) article 19.

This information is subject to the disclosure requirements pursuant to Article
19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian
Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

642859_SOFF_Annex_to_PDMR_notification_Aker_Capital_AS.pdf