Extension of suspension and deferral agreements
As set out in the stock exchange communications of Solstad Offshore ASA ("SOFF") of December 19th and 20th, 2018 and April 12th, 2019, a number of the companies in the SOFF group have entered into agreements with a number of their key creditors for the suspension and deferral of payments under the companies' financing agreements until June 20th, 2019 (the "Suspension"). Albeit the negotiations for the restructuring of the SOFF group are progressing, more time is required to find a sustainable solution to the financial situation of the SOFF group. SOFF is experiencing continued support