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SOFF: Contract awarded by Equinor

Solstad Offshore ASA has entered into a new contract with Equinor for the hire
of anchor handling vessel (AHTS) Normand Ferking. The duration of the contract
is 1 year firm, and in addition Equinor has the option to extend with further 2
x 1 year. Commencement is in direct continuation of current charter, thus the
vessel is now firm to November 2020. Normand Ferking has worked for Equinor
since she was delivered from yard in 2007.

Equinor has also declared 3 yearly options each on supply vessels (PSV) Normand
Sun and Normand Sygna extending the contracts firm to July and September 2023
respectively. In addition, Equinor has the option to extend both contracts with
further 2 x 1 year. Both vessels have worked for Equinor since delivered from
yard in 2014.

"We are very pleased to extend our contractual relation with Equinor for the
Normand Ferking, Normand Sun and Normand Sygna. Equinor is one of Solstad's key
clients globally, with several long-term contracts in place both in Norway, UK
and Brazil" says Kenneth Lande, Head of Global AHTS/PSV segment in Solstad

Skudeneshavn, November 6[th], 2019

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

Solstad Offshore ASA

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

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