SOLSTAD OFFSHORE ASA Reference is made to the stock exchange notice bySolstad Offshore ASA (the "Company") dated June 22[nd], 2021 regarding the sale of the vessel "Far Spirit" (the "Vessel"). Further reference is made to the warrants issued to certain banks by decision of the Company's general meeting held on October 20[th], 2020 giving such banks (as well as other banks) the right to receive new shares in the Company as compensation for any part of their claim against SOFF related to certain vessels (including the Vessel) not covered by the proceeds from the sale of such vessels (the "Warrants"). Reference is also made to the Company's stock exchange notice of October 20[th], 2020 regarding the issuance of a convertible loan toAker Capital AS ,Hemen Holding Limited and Jarsteinen AS as an anti -dilution measure following completion of i.a. the exercise of warrants as set out above. Following completion of the sale of the Vessel, 51,997 new shares have been issued today as a result of exercise of Warrants, while 25,374 new shares have been issued following partial conversion of the convertible loan, in total 77,371 new shares. As a result, the Company's share capital is nowNOK 75,123,806 consisting of 75,123,806 shares, each with a par value ofNOK 1 . Skudeneshavn, July 6[th], 2021 ContactsLars Peder Solstad CEO, at +47 91 31 85 85 Kjetil Ramstad CFO, at +47 90 75 94 89Solstad Offshore ASA www.solstad.com This information is subject of the disclosure requirements pursuant to section 4.2.4 of Rule Book II for companies listed on Euronext Oslo Børs.
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