Solstad Offshore ASA: Mandatory notification of trade

Reference is made to the announcement published by Solstad Offshore ASA (the “Company”) today, 16 January 2024, regarding completion of the refinancing of the Company’s subsidiary, Solstad Shipholding AS as further outlined in the Company’s announcement dated 23 October 2023 (the “Refinancing”).

As part of the Refinancing, Aker Capital AS has subscribed for and acquired 190,355,330 shares in Solstad Maritime Holding AS (“SMH”), each at a price of NOK 11.82, corresponding to an ownership interest of approximately 47.4% of the shares and votes in SMH. The SMH shares are following completion of the Refinancing linked to Company’s shares, cf. the Market Abuse Regulation article 19.

Aker Capital AS’ ownership interest in the Company is unchanged and Aker Capital AS continues to hold 27,089,493 shares in the Company, corresponding to an ownership interest of approximately 32.9 % of the shares and votes in the Company.

Aker Capital AS is 100% owned by Aker ASA and represented on the board of the Company by Frank Ove Reite. Frank Ove Reite also owns 356,509 shares in the Company, through Fausken Invest AS.

Please see attached primary insider notification form pursuant to the requirements of the Market Abuse Regulation article 19.

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