Solstad Offshore ASA - update to its financial guidance for 2025

09 Oct 2025 18:44 CEST

Skudeneshavn, 9 October 2025

Reference is made to today's stock exchange announcement from Solstad Maritime
ASA ("Solstad Maritime") regarding update of its financial guidance for 2025.

Due to Solstad Maritime's reduction of its full-year 2025 Adjusted EBITDA
guidance and the expected effects on Solstad Offshore ASA's (the "Company")
share of result from Solstad Maritime, the Company has adjusted its Adjusted
EBITDA guidance from USD 120 - 150 million to approximately USD 115 million.

The Company's adjusted EBITDA consists of its share of results from joint
ventures and associated companies and the operational EBITDA from its own
operations.

The Adjusted EBITDA from joint ventures and associated companies is adjusted
from USD 60-80 million to approximately USD 50 million.

The operational share of the Adjusted EBITDA, from its own operations, is
expected in line with previous communication to USD 60-70 million.

The Company is still in the process of preparing and completing the financial
results for the third quarter of 2025, which is subject to finalization and
other potential adjustments, if any, and the information has not been audited or
reviewed by the auditor of the Company. The Company will provide further
information when releasing the quarterly results for Q3 2025 on 30 October 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

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. The information was
submitted for publication by CFO Kjetil Ramstad at the date and time set out
herein, on behalf of the Company.

This release contains forward-looking statements based on current assumptions
and forecasts made by the Company. Various known and unknown risks,
uncertainties and other factors could lead to material differences between the
actual future results, financial situation, development or performance of the
Company and the estimates given here.

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