Contract extension for CSVs 'Normand Subsea' and 'Normand Energy'

Contract extension for CSVs "Normand Subsea" and "Normand Energy"

Issuer

Solstad Offshore ASA

Solstad Offshore ASA ("Solstad") is pleased to announce that Subsea 7 Limited
("Subsea 7") has exercised the 2025 optional charter period for the "Normand
Subsea".

The contract is now firm until 31st December 2025, with no further options
thereafter.

"Normand Subsea" is a versatile IMR vessel that has been on contract to Subsea 7
since 2009.

Furthermore, the present client has exercised all remaining option periods for
charter of the "Normand Energy". The contract is now firm until 31.03.2026.

The Vessel will continue to support subsea operations in West Africa.

"Normand Subsea" and "Normand Energy" are owned by Solstad Maritime AS, in which
Solstad Offshore ASA holds 27,3%.

Skudeneshavn June 14th 2024

Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA
www.solstad.com

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