Offer to buy back debt through reverse auction
Reference is made to the stock exchange notices dated 31 March 2020 and 8 May 2020 regarding the financial restructuring of Solstad Offshore ASA ("SOFF") and its subsidiaries (together referred to as the "Group"). As part of the financial restructuring of the Group, SOFF has today offered to purchase up to NOK 966,951,645 of the Group's outstanding debt including accrued interest as per 31 March 2020 from certain of its creditors, including bondholders of SOFF and Solship Invest 1 AS, for an aggregate cash consideration of up to NOK 69 million. A potential buy-back will be carried out as