Oslo, Norway, November 14th 2023 

Standard Supply AS (Standard Supply, OSE: STSU) is pleased to report an en-bloc
sale ("Transaction") of the three large sized PSVs Standard Viking, Standard
Supplier and Standard Defender for a gross USD 72.2 million by entering
Memorandum of Agreement for sale of each vessel. Adjusting for ownership,
proceeds to Standard Supply will be gross USD 69.5 million. The Transaction is
contingent upon certain conditions to be lifted within end-November, and
completion is expected no later than mid-January 2024.

Martin Nes, Chairman of Standard Supply, comments