Financial report for the 3[rd] quarter 2019

Thu, Nov 28, 2019 17:08 CET

Revenues for the third quarter of 2019 was MNOK 1,480 vs MNOK 1,404 in 2018
Adjusted EBITDA for the third quarter was MNOK 504 vs MNOK 431 in 2018
Equity per September 30th negative with MNOK 2,657
The Company experiences a positive effect from having a large and versatile fleet of vessels, leading to numerous contract awards world-wide
The activity level in the market shows some signs of improvement, but a challenging winter season is expected in the North Sea
Agreement with the majority of financial creditors to suspend and defer payments of principal and interest extended until March 31th, 2020

Skudeneshavn, November 28th, 2019

Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Anders Hall Jomaas CFO, at +47 40 04 29 18

Solstad Offshore ASA
www.solstad.com

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

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SOFF Solstad Solstad Offshore ASA 3Q 2019