Solstad Offshore ASA: Mandatory notification of trade

16 Jan 2024 19:43 CET

Reference is made to the announcement published by Solstad Offshore ASA (the
"Company") today, 16 January 2024, regarding completion of the refinancing of
the Company's subsidiary, Solstad Shipholding AS as further outlined in the
Company's announcement dated 23 October 2023 (the "Refinancing").

As part of the Refinancing, Aker Capital AS has subscribed for and acquired
190,355,330 shares in Solstad Maritime Holding AS ("SMH"), each at a price of
NOK 11.82, corresponding to an ownership interest of approximately 47.4% of the
shares and votes in SMH. The SMH shares are following completion of the
Refinancing linked to Company's shares, cf. the Market Abuse Regulation article
19.

Aker Capital AS' ownership interest in the Company is unchanged and Aker Capital
AS continues to hold 27,089,493 shares in the Company, corresponding to an
ownership interest of approximately 32.9 % of the shares and votes in the
Company.

Aker Capital AS is 100% owned by Aker ASA and represented on the board of the
Company by Frank Ove Reite. Frank Ove Reite also owns 356,509 shares in the
Company, through Fausken Invest AS.

Please see attached primary insider notification form pursuant to the
requirements of the Market Abuse Regulation article 19.

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

More information:
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608629_SOFF_Annex_to_primary_insider_notification_AC_closing_of_refin_.pdf