Reference is made to the announcement published by Solstad Offshore ASA (the
"Company") today, 16 January 2024, regarding completion of the refinancing of
the Company's subsidiary, Solstad Shipholding AS as further outlined in the
Company's announcement dated 23 October 2023 (the "Refinancing").
As part of the Refinancing, AMSC ASA has subscribed for and acquired 84,602,369
shares in Solstad Maritime Holding AS ("SMH"), each at a price of NOK 11.82. The
SMH shares are following completion of the Refinancing linked to Company's
shares, cf. the Market Abuse Regulation article 19.
Following the transaction, AMSC ASA hold 84,602,369 shares in SMH, corresponding
to an ownership interest of approximately 21.1 % of the shares and votes in SMH.
AMSC ASA is a person closely associated with Company board member Frank Ove
Reite. Frank Ove Reite also owns 356,509 shares in the Company, through Fausken
Invest AS.
Please see attached primary insider notification form pursuant to the
requirements of the Market Abuse Regulation article 19.
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.