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  • Solstad Offshore ASA
    Nesavegen 39 4280 Skudeneshavn Norway
    +47 52 85 65 00
    http://www.solstad.com
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    +47 52 85 65 00


    http://www.solstad.com

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    Far Swan awarded long term contract

    Solstad Farstad ASA have been awarded a two-year contract for the Platform Supply Vessel (PSV) Far Swan (2006 Built VS470 MK II Design). The vessel will be supporting drilling operations offshore Qatar with a major operator in the country. The Far Swan is currently mobilizing to Ras Laffan, Qatar and is expected to be on hire by the end of September. The vessels previous engagement had been in Australia. Skudeneshavn, September 26th, 2018 ContactsLars Peder Solstad CEO, at +47 91 31 85 85Anders Hall Jomaas CFO, at +47 40 04 29 18 Solstad Farstad ASAwww.solstadfarstad.

    Completion of financial restructuring for Solship Invest 3 AS and subsidiaries

    Reference is made to the stock exchange announcement of July 20th, 2018, in which it was informed that Solship Invest 3 AS ("SI3") had entered into an agreement with its financial creditors for the financial restructuring of SI3 (the "Financial Restructuring"). The conditions precedent for the Financial Restructuring has now been satisfied, and the Financial Restructuring is completed and effective as of today. Skudeneshavn, August 31st, 2018 ContactsLars Peder Solstad CEO, at +47 91 31 85 85Anders Hall Jomaas CFO, at +47 40 04 29 18 Solstad Farstad ASAwww.solstadfarstad.

    Long term contract with Fairfield Industries Inc. for CSV Normand Tonjer

    Solstad Farstad ASA (“SOFF”) has entered into a contract with Fairfield Industries Inc. for the CSV “Normand Tonjer”. The contract will commence in 3Q 2018 and has a duration of one year firm plus two yearly options. Fairfield will use the vessel to support their innovative worldwide ocean bottom seismic survey using node-based technology. Skudeneshavn August 24th, 2018 ContactsLars Peder Solstad CEO, at +47 91 31 85 85Anders Hall Jomaas CFO, at +47 40 04 29 18 Solstad Farstad ASAwww.solstadfarstad.com This information is subject of the disclosure requirements according

    Correction: New startup time for the presentation of the 2nd quarter results 2018

    In reference to yesterday’s invitation to Solstad Farstad ASA (SOFF) presentation of its 2nd quarter 2018 results. Please note that the presentation Thursday August 23rd, 2018 will begin at 09:30 am instead of the previously announced 09:00 am. The presentation will be held by Lars Peder Solstad and Anders Hall Jomaas. The presentation will take place at Rederiforbundet, Rådhusgt. 25, Generalmeeting conference room, Oslo.   Furthermore, a conference call will be held the same day at 4:00 pm. To follow the presentation please dial in at the following phone numbers:  NO: +47

    Presentation of the 2nd quarter results 2018

    Solstad Farstad ASA (SOFF) welcomes to presentation of its 2nd quarter 2018 results, Thursday August 23rd 2018 at 09:00 am. The presentation will be held by Lars Peder Solstad and Anders Hall Jomaas. The presentation will take place at Rederiforbundet, Rådhusgt. 25, 7th floor, Oslo. Furthermore, a conference call will be held the same day at 4:00 pm. To follow the presentation please dial in at the following phone numbers:  NO: +47 23500254SE +46 856642661UK +44 2031940544US +1 8552692604DK +45 35445583  For the sake of good order we inform that the 2nd quarter results

    Far Statesman awarded contract with ENI

    Solstad Farstad ASA (“SOFF”) has been awarded a new contract for the AHTS Far Statesman. The contract is five months of work for end user ENI to support of their deepwater drilling campaign offshore Indonesia. The contract will commence in July 2018. Skudeneshavn July 27th, 2018 ContactsLars Peder Solstad CEO, at +47 91 31 85 85Anders Hall Jomaas CFO, at +47 40 04 29 18 Solstad Farstad ASAwww.solstadfarstad.com This information is subject of the disclosure requirements according to the Norwegian Securities Trading Act section §5-12

    Contracts for Normand Australis and Normand Pacific

    Solstad Farstad ASA (“SOFF”) has entered into a contract with Magseis ASA for the CSV "Nor Australis" for operations in South East Asia using proprietary MASS nodes. The project includes several major oil companies as end clients. The contract will commence in Q3 2018 and last for approximately three months. Furthermore, SolstadFarstad is pleased to announce that Prysmian Powerlink Srl has declared their option to extend the present contract for the CSV, Normand Pacific. This will see the Vessel firm period extended until October 31st, 2019. Skudeneshavn July 25th, 2018 Contacts

    Agreement on restructuring of Solship Invest 3 AS and its subsidiaries

    Reference is made to the stock exchange announcement July 12th, 2018, in which it was informed that Solship Invest 3 AS and its subsidiaries ("SI-3") had entered into an agreement with its major financial creditors to postpone instalment and interest payments until July 20th, 2018. SI-3 has today entered into an agreement with its financial creditors for the financial restructuring of SI-3 (the "Financial Restructuring"). The Financial Restructuring includes a deferral of scheduled instalments, interests and bareboat payments until December 31st, 2019 in a total amount of

    New contracts and contract extensions

    Solstad Farstad ASA (“SOFF”) are pleased to announce new awarded contracts and contract extensions for six vessels. BP Egypt has declared the one-year option on the PSV Sea Swift resulting in continuous utilization of the vessel through to August 2019. Equinor Brasil has extended present contracts for the PSV’s Far Scotsman and Far Serenade with 3 months each to December 2018. In addition, SolstadFarstad have secured ongoing charters in the Bass Strait, Australia, for the AHTS’s Far Senator and Far Saracen and the PSV Sea Swan. These vessels will continue supporting the Semisub rig

    Extension of standstill and deferral agreement for Solship Invest 3 AS

    Reference is made to the stock exchange announcement of July 6th, 2018, in which it was informed that Solship Invest 3 AS and its subsidiaries had entered into an agreement with its major financial creditors to postpone instalment and interest payments until July 11th, 2018. Solship Invest 3 AS and its subsidiaries have received consent from the relevant financial creditors to extend the agreement until July 20th, 2018. Skudeneshavn, July 12th, 2018 ContactsLars Peder Solstad CEO, at +47 91 31 85 85Anders Hall Jomaas CFO, at +47 40 04 29 18 Solstad Farstad ASAwww.

    Extension of standstill and deferral agreement for Solship Invest 3 AS

    Reference is made to the stock exchange announcement of 30 June 2018, in which it was informed that Solship Invest 3 AS and its subsidiaries had entered into an agreement with its major financial creditors to postpone instalment and interest payments until 6 July 2018. Solship Invest 3 AS and its subsidiaries have today received consent from the relevant financial creditors to extend the agreement until 11 July 2018. Skudeneshavn, July 6th, 2018 ContactsLars Peder Solstad CEO, at +47 91 31 85 85Anders Hall Jomaas CFO, at +47 40 04 29 18 Solstad Farstad ASAwww.

    Extension of standstill and deferral agreement for Solship Invest 3 AS

    Reference is made to the stock exchange announcement June 2nd, 2018, in which it was informed that Solship Invest 3 AS and its subsidiaries had entered into an agreement with its major financial creditors to postpone instalment and interest payments until June 30th, 2018. Solship Invest 3 AS and its subsidiaries have today received consent from the relevant financial creditors to extend the agreement until 6 July 2018. Skudeneshavn, June 30th, 2018 ContactsLars Peder Solstad CEO, at +47 91 31 85 85Anders Hall Jomaas CFO, at +47 40 04 29 18 Solstad Farstad ASAwww.

    New contracts awarded

    Solstad Farstad ASA (“SOFF”) is pleased to announce that Equinor has declared their option to extend the present contract for the AHTS "Normand Ferking" (2007, VS-490) with one year. Meaning that the vessels contract is firm with Equinor till September 2019. In addition, a major oil company in Brunei has awarded SolstadFarstad a contract for the AHTS “Far Scimitar” (2008, UT712 L) to support their drilling operations. The contract will commence early July 2018 for a firm period of 4 months plus 4 x 1 month options. Skudeneshavn, June 26th, 2018  Contacts Lars Peder Solstad CEO,

    Sale of vessel

    Deep Sea Supply Shipowning I AS, a wholly owned subsidiary of Solstad Farstad ASA, has sold the AHTS Sea Jackal (built 2011, 6.800 BHP). Delivery of the vessel to the new owner took place on Wednesday June 20th, 2018. The sale of the vessel will result in aminor negative accounting effect for 2Q 2018. Skudeneshavn, June 20th, 2018  Contacts Lars Peder Solstad CEO, at +47 913 18 585Anders Hall Jomaas CFO, at +47 400 42 918 Solstad Farstad ASAwww.solstadfarstad.com This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities

    Contract awards in Norway

    Aker BP has awarded Solstad Farstad ASA (“SOFF”) contracts for the Platform Supply Vessels Normand Skude (2013, VS 485 MK III ) and Normand Arctic (2012, STX LNG 12) to support their operations in Norwegian waters. The contracts will commence in July 2018 for a firm period of 4 months with further 4 months options.  “We are pleased to have secured more contracts with Aker BP.” says Kenneth Lande, EVP – Strategic Regions in Solstad Farstad ASA. “This is another example that the demand for offshore vessels continue to improve”.  Skudeneshavn, June 7th, 2018  Contacts Lars Peder

    Significant contract awards for multiple vessels within the SolstadFarstad fleet.

    SolstadFarstad is announcing the award of several new contracts, which adds over 2500 vessel working days to the company’s backlog. Details of the contract awards are as follows; Maersk Oil North Sea Ltd, a company of Total, has awarded SolstadFarstad ASA (“SOFF”) contracts for four Platform Supply Vessels (PSV) for operations in the UK North Sea. Sea Tantalus (2013, STX 05-L CD Design) and Far Server (2010, Havyard 832 CD Design) will support the semisubmersible drilling rig “Ocean Valiant” for a period of approx. 2 years, commencing in June 2018. Normand Flipper (2003, UT 745E Design)

    Extension of Standstill and Deferral Agreement for Solship Invest 3 AS

    Reference is made to the stock exchange announcement of 4 May 2018, in which it was informed that Solship Invest 3 AS and its subsidiaries had entered into an agreement with its major financial creditors to postpone instalment and interest payments until 2 June 2018. Solship Invest 3 AS and its subsidiaries have today received consent from the relevant financial creditors to extend the agreement until 30 June 2018. Skudeneshavn, June 2nd, 2018 ContactsLars Peder Solstad CEO, at +47 91 31 85 85Anders Hall Jomaas CFO, at +47 40 04 29 18 Solstad Farstad ASAwww.solstadfarstad.

    Contracts awarded in Brazil

    SolstadFarstad has entered into new contract and contract extensions with PETROBRAS – Petróleo Brasileiro S.A. for three of the company’s Brazilian flagged vessels. 3 years firm contract for the AHTS, BOS Topazio (2005, UT 728L, 146t BP). Commencement of the contract shall take place during 1Q 2019, in direct continuation with current charter. Contract can be extended for further 2-years. Extension of contract for AHTS, Far Santana (2000, UT 730, 200t BP), making the contract firm until 2Q 2019. Far Santana is equipped with Fugro’s FCV Work Class ROV suitable for 3.000m water depth.

    Sale of vessels

    Farstad Supply AS, a wholly owned subsidiary of Solstad Farstad ASA, has sold the AHTS vessels Far Senior (built 1998, 16,823 BHP) and Far Sailor (built 1997, 16,823 BHP). Delivery of the vessels to the new owner took place today, Friday May 25th, 2018. The sale of the vessels will result in an immaterial accounting effect for 2Q 2018. Skudeneshavn, May 25th, 2018 ContactsLars Peder Solstad CEO, at +47 913 18 585Anders Hall Jomaas CFO, at +47 400 42 918 Solstad Farstad ASAwww.solstadfarstad.com This information is subject of the disclosure requirements acc. to § 5-12

    New Chairman of the Board

    At the Annual General Meeting in Solstad Farstad ASA (“SOFF”), May 9th 2018, Terje Vareberg stepped down as Chairman and Board member after 7 years of service. At the same time Harald Espedal was elected as new Board member. The Board of Directors has appointed Harald Espedal as the new Chairman of the Board. Harald Espedal is a graduate from The Norwegian School of Economic (NHH) in economics with additional studies in auditing. Today he is the Chairman of Lyse ASA, Sandnes Sparebank, Espedal & CO AS, Deputy Chair in Stavanger Concert Hall, and Board member in Aaspelin Ramm and The

    Presentation of the 1st quarter results 2018

    Solstad Farstad ASA (SOFF) will host a conference call to present its 1st quarter results for 2018 on Wednesday May 9th, 2018 at 17:30 CET. The presentation will be given by Lars Peder Solstad and Anders Hall Jomaas. To follow the presentation please dial in at the following phone numbers:  UK: +44 2031940544NO: +47 23500254SE: +46 856642661US: +1 8552692604  For the sake of good order, we inform that the 1st quarter results for 2018 and the presentation will be published Wednesday afternoon May 9th, 2018, and the presentation will also be available from the Company’s website

    Extension of Standstill and Deferral Agreement for Solship Invest 3 AS

    Reference is made to the stock exchange announcement of March 27th, 2018, in which it was informed that Solship Invest 3 AS and its subsidiaries had entered into an agreement with its major financial creditors to postpone instalment and interest payments until May 4th, 2018. Solship Invest 3 AS and its subsidiaries have today received consent from the relevant financial creditors to extend the agreement until June 2nd, 2018. Skudeneshavn, May 4th, 2018 ContactsLars Peder Solstad CEO, at +47 91 31 85 85Anders Hall Jomaas CFO, at + 47 40 04 29 18 Solstad Farstad ASAwww.

    Sale of Vessel

    Solstad Offshore Singapore Pte. Ltd., a wholly owned subsidiary of Solstad Farstad ASA, has sold the AHTS Nor Chief (built 2008, 10.800 BHP). Delivery of the vessel to the new owner took place today Monday 23rd April, 2018. The sale of the vessel will result in a minor negative accounting effect for 2Q 2018. Skudeneshavn, April 23rd 2018 ContactsLars Peder Solstad CEO, at +47 913 18 585Anders Hall Jomaas CFO, at +47 400 42 918 Solstad Farstad ASAwww.solstadfarstad.com This information is subject of the disclosure requirements acc. to § 5-12 vphl (Norwegian Securities

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