Solstad Offshore ASA - Arbitration outcome regarding disputed charter hire

14 May 2026 18:20 CEST

Skudeneshavn, 14 May 2026

Solstad Offshore ASA ("the Company") refers to disclosures in the Annual Report
2025 and the first quarter 2026 presentation regarding arbitration proceedings
related to disputed charter hire in 2024 for the CSV Normand Maximus. The
arbitration proceedings have now been concluded in favour of the Company.

As a result of the ruling, the Company will receive approximately USD 13 million
in charter hire. In addition, an interest compensation of approximately USD 1,5
million has been awarded.

The ruling has a positive liquidity effect of approximately USD 14,5 million to
be received by the Company. There will be recognized a positive P&L effect in
the Company accounts of approximately USD 7,5 million in the second quarter of
2026.

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 subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

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