CONTRACTS FOR AHTS «NORMAND FERKING» & «NORMAND J

6/26/2012 3:19 AM EST

Statoil ASA has exercised its option to extend their 
present contract with Solstad Offshore ASA (SOFF), 
for hire of the large AHTS "Normand Ferking" (build -
07) for 1 year. With this extension the vessel will 
be on contract to September 2013. Statoil still holds 
options to extend with further 2 x 1 year.

In addition, SOFF has entered into a new contract 
with Kystverket (Norwegian Coastal Administration) 
for the AHTS "Normand Jarl" (build -85). This 
contract have a duration of 1 year firm, and in 
addition 2 yearly options.
The commencement of this contract will be 1.1.2013, 
in continuation of the present contract with the same 
client.
This contract is subject to approval of funds from 
the Norwegian Parliament.

The total value of the firm parts of the two 
contracts are about Nok 150 mill.

Skudeneshavn, 26th June 2012

Contact person: Lars Peder Solstad (Tlf. +47 52 85 65 
00)

This information is subject of the disclosure 
requirements acc. to §5-12 vphl (Norwegian Securities 
Trading Act