Mandatory notification of trade

Reference is made to the stock exchange announcement published by Solstad Offshore ASA ("SOFF") on 29 May 2024 regarding the offering of shares in Solstad Maritime Holding AS ("SMH").

Espedal & Co AS has today exercised all subscription rights (NOTC: SOFMART) received in the offering and subscribed for 656,687 new shares in SMH at the offer price of NOK 11.82 per new share for a total subscription amount of NOK 7,762,040.34. Espedal & Co AS does not currently own any shares in SMH.

Salt Value AS has today exercised all subscription rights received in the offering and subscribed for 854 new shares in SMH at the offer price of NOK 11.82 per new share for a total of NOK 10,094.28. Salt Value AS does not currently own any shares in SMH.

Espedal & Co AS and Salt Value AS are close associates of primary insider in SOFF Harald Espedal, who is the chairman of the board of directors of SOFF. Espedal & Co AS and Salt Value AS also own 656,687 and 854 shares in SOFF respectively.

As a result, Harald Espedal with close associates will, upon allocation and delivery of the new shares, own 657 541 shares in SMH in total.

The shares in SMH are linked to SOFF's shares, cf. the Market Abuse Regulation article 19.

Please refer to the attached notifications of trading for further details.

This disclosure is made pursuant to article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.