SOLSTAD OFFSHORE ASA Reference is made to the stock exchange notice bySolstad Offshore ASA (the "Company") on10 November 2020 regarding the final results of the subsequent offering of 1,336,973 new shares, each with a par value ofNOK 1.00 at a subscription price ofNOK 2.80 per share (the "Subsequent Offering") and the issuance of 652,459 new shares at a conversion price ofNOK 1 upon the partly conversion of the unsecured and fully subordinated zero-interest convertible loan toAker Capital AS ,Hemen Holding Limited and Jarsteinen AS, a company controlled by CEOLars Peder Solstad with family (the "Convertible Loan"). The share capital increase pertaining to the Subsequent Offering and partly conversion of the Convertible Loan has now been registered with theNorwegian Register ofBusiness Enterprises : Share capital:NOK 74,872,682 Number of shares: 74,872,682 Par value of each share:NOK 1 The new shares issued in the Subsequent Offering and the shares issued upon the partly conversion of the Convertible Loan will be tradable on theOslo Stock Exchange from and including18 November 2020 . Skudeneshavn,18 November 2020 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 5 -12 of the Norwegian Securities Trading Act.
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