Oslo, Norway, March 20th 2024 

Standard Supply AS (Standard Supply, OSE: STSU) is pleased to report the sale of
the large-sized PSV Standard Supplier for gross USD 22.7 million. The vessel is
currently on hire with BP UK at GBP 18,595 per day. The transaction is expected
to be completed in early April 2024.

"Following the sale of the last vessel the Company will be left with cash of USD
42 - 43 million", says Martin Nes, Chairman of the Board of Standard Supply.   

ENDS 

For further information, please contact: 

CEO Espen L. Fjermestad at +47 95 20 44 93 
Chairman of the Board Martin Nes at +47 92 01 48 14 

standard-supply.com