Results of Offer to purchase existing shares in Solstad Maritime Holding AS by Solstad Shipholding AS

Results of Offer to purchase existing shares in Solstad Maritime Holding AS by Solstad Shipholding AS

Issuer

Solstad Offshore ASA

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN UNITED STATES,
CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION IN WHICH THE DISTRIBUTION OR
RELEASE WOULD BE UNLAWFUL. THIS INCLUDES SHAREHOLDERS WHO HAVE CHANGED THEIR
DOMICILE TO SUCH JURISDICTIONS BUT WHICH MAY ACCESS THEIR VPS ACCOUNTS. PLEASE
SEE IMPORTANT NOTICE AT THE END OF THIS COMMUNICATION.

Skudeneshavn, June 27, 2024 - Reference is made to the stock exchange
announcement published by Solstad Offshore ASA ("SOFF") on 13 June 2024 where
Solstad Shipholding AS ("SHAS"), a wholly owned subsidiary of SOFF, launched an
offer (the "Offer") to purchase up to, but not more than, 200 existing shares in
Solstad Maritime Holding AS ("SMH")from each investor who was allocated 200 or
fewer new shares in the successful placement of 63,497,303 new shares in SMH
(the "Issuance").

SHAS has mandated Pareto Securities AS as manager (the "Manager") in the Offer.

Following the end of the acceptance period on 26 June 2024, at 16:30 CEST, SHAS
has resolved to purchase 4,467 shares at a price of NOK 21.93 per share pursuant
to the Offer.

Allocation notices in the Offer is expected to be sent out to individual
shareholders on or about 28 June 2024, and allocated shares are expected to be
collected from the respective VPS accounts of the shareholders with allocations
on or about 28 June 2024. The cash settlement towards the shareholders with
allocations is expected to occur on or about 2 July 2024.

Following settlement of the Offer, SHAS will hold 126,908,020 in SMH.

For further information, please contact:

Lars Peder Solstad CEO, at +47 91 31 85 85

Kjetil Ramstad CFO, at +47 90 75 94 89

Pareto Securities AS, at +47 22 87 87 50

Solstad Maritime Holding AS (www.solstad.com/solstad-maritime)

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