Kistefos AS and Kistefos Investments AS (together "Kistefos") have informed the
board members and CEO of Solstad Offshore ASA ("SOFF") that Kistefos is
considering initiating a lawsuit against the board members and the CEO to claim
compensation for the alleged loss incurred by Kistefos as a result of the
refinancing that was announced by SOFF on 23 October 2023. Kistefos is
considering initiating the lawsuit in the form of a class action, so that other
shareholders in SOFF may participate.
The board members of SOFF and the CEO maintain that any such lawsuit would be
without merit, and refer to the shareholder letter of 16 January 2024 for a
comprehensive report on the refinancing process.
Skudeneshavn, 1 March 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