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Regulatory press release

Solstad Offshore ASA: Long-term contract with Premier Oil UK

Solstad Offshore
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Solstad Offshore ASA is pleased to announce that Premier Oil UK Limited ("Premier Oil") has contracted PSV Normand Flipper (UT745E, 2003 built) for four wells firm plus options commencing between May and June 2020. The contract is expected to last around 400 days supporting the jackup drilling rig Valaris JU-123 at Premier Oil's Tolmount location in the southern North Sea.

Skudeneshavn, February 19th, 2020

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

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