Restructuring update
Reference is made to the stock exchange communication of Solstad Offshore ASA (the "Company") of March 31[st], 2020 in which it was announced that the Company and a large majority of its stakeholders had established a common plan to finalise the negotiations for the restructuring of the Company on the basis of a restructuring outline (as described in the communication, the "Restructuring Outline"). Since March 31[st], 2020 the Company and a majority of its stakeholders have progressed notably in finalising documentation for a binding restructuring in accordance with the Restructuring