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2019-11-06

Solstad Offshore ASA: 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 Offshore.

Skudeneshavn, November 6[th], 2019

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

Solstad Offshore ASA
www.solstad.com

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

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