Exercise of warrants, conversion of convertible loan
Reference is made to the stock exchange notice by Solstad Offshore ASA (the "Company") dated May 10[th], 2021 regarding the sale of the vessel "Far Splendour" (the "Vessel"). Further reference is made to the warrants issued to certain banks by decision of the Company's general meeting held on October 20[th], 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 Vessel) not covered by the proceeds from the sale of such vessels (the "Warrants").