Exercise of warrants, conversion of convertible loan
Reference is made to the stock exchange notice by Solstad Offshore ASA (the "Company") dated 7 April 2022 regarding the sale of the vessels "Far Santana", "Normand Ivan", "Normand Trym", "Normand Vibran", "Rem Supplier" and "Sea Trout"(the "Vessels"). Further reference is made to the warrants issued to certain banks by decision of the Company's general meeting held on 20 October 2020 giving such banks (as well as other banks) the right to receive new shares in the Company as compensation for any part of their claim against SOFF related to certain vessels (including the Vessels) not covered