Sale of vessels

Deep Sea Supply Shipowning AS and Deep Sea Supply Shipowning I AS, wholly owned subsidiaries of Solstad Offshore ASA, has sold the PSVs Sea Angler (built 2007, 5 450 BHP), Sea Bass (built 2008, 5 450 BHP) and Sea Turbot (built 2008, 5 450 BHP). Delivery of the vessels to the new owner took place today Thursday February 4^th, 2021.

The sale of the vessels will result in an immaterial accounting effect for 1Q 2021.

Skudeneshavn, February 4^th, 2020

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