Farstad Shipping ASA– Information Memorandum

Ålesund, 9 May 2017 – Reference is made to the earlier stock exchange announcements made by Farstad Shipping ASA ("Farstad") regarding the mergers between Solstad Offshore ASA ("SOFF"), Farstad and Deep Sea Supply Plc.

An information memorandum regarding the mergers has been prepared by SOFF and approved by the Oslo Stock Exchange on 9 May 2017. Reference is made to the stock exchange announcement made by SOFF today.

The information memorandum is enclosed to SOFF's stock exchange announcement and is also available at SOFF's website www.solstad.no .

For further information, please contact:

CEO Karl-Johan Bakken – tel. +47 901 05 697

CFO Olav Haugland – tel. +47 915 41 809

Farstad Shipping’s fleet currently consists of 56 vessels (27 AHTS, 22 PSV and 7 SUBSEA). The company’s operations are managed from Aalesund, Perth, Singapore, Macaé and Rio de Janeiro with a total of 1,500 employees engaged onshore and offshore. The company’s strategy is to be a leading quality provider of large, modern offshore service vessels to the oil industry.

www.farstad.com  

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

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