Primary insider notification

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Jarsteinen AS, a company controlled by Solstad Offshore ASA's (the "Company") CEO Lars Peder Solstad and family, has on November 20th , 2020 purchased shares in the Company at a price of NOK 5,79 per share from other shareholders controlled by himself and family, as follows: 151,015 shares from Ivan AS, 18,860 shares from SOFF Invest AS, 807 shares from Vindbalen AS and 494 shares from Solhav Invest X AS, after which these companies own zero shares in the Company.

As a result of the transactions, Jarsteinen AS owns a total of 3,101,709 shares in the Company, constituting 4.14 % of the shares in the Company.

Skudeneshavn, November 20th, 2020

Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA

This information is subject of the disclosure requirements pursuant to sections 4-2 and 5-12  of the Norwegian Securities Trading Act.