Skudeneshavn, 07 May 2026

Solstad Offshore ASA is pleased to announce a Letter of Intent with an
international subsea contractor for the CSV Normand Maximus.

The contract is expected to commence in Q1 2027. The LoI is for a firm period to
Q1 2029, followed by an option potentially extending the contract period to Q1
2030.

Under the agreement, Normand Maximus will support the client's operations
worldwide. As part of the charter party, Solstad Offshore will deliver, with
support from Omega Subsea AS, two work-class ROVs with full manning, as well as
tooling and survey services.

Normand Maximus is the largest vessel in the fleet, with its 900t AHC crane and
a 550t VLS. The vessel is 178 meters long and can accommodate up to 180 persons.

Contacts:

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

Kjetil Ramstad, CFO: +47 90 75 94 89

Solstad Offshore ASA

https://solstad.com

'This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. The information was
submitted for publication by CFO Kjetil Ramstad at the date and time set out
herein, on behalf of the Company.'