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Financial report for the 1st quarter 2024

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  • The major part of the “Refinancing”, and new ownership structures, was completed on 16 January 2024.
  • High utilization of 94% for vessels in operation during the quarter.
  • Operating Income from continued operations for 1Q 2024 of MNOK 768.
  • EBITDA adjusted from continued operations of MNOK 247.
  • The new Services segment delivered Operating Income of MNOK 60 in the quarter. This enables the Company to offer additional services to Clients, such as ROVs, tooling, project personnel and engineering support.
  • Solstad Maritime achieved a utilization of 87%. Operating Income of MNOK 1,229 and EBITDA adjusted of MNOK 668 equal to a margin of 54%.

Skudeneshavn, May 15th, 2024

Contacts

Lars Peder Solstad CEO, at +47 91 31 85 85

Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA

www.solstad.com

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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