Reference is made to the stock exchange notice by Solstad Offshore ASA (the
"Company") dated 17 December 2021 regarding the sale of the vessel "Far Scout"
(the "Vessel"). Further reference is made to the warrants issued to certain
banks by decision of the Company's general meeting held on 20 October 2020
giving such banks (as well as other banks) the right to receive new shares in
the Company as compensation for any part of their claim against SOFF related to
certain vessels (including the Vessel) not covered by the proceeds from the sale
of such vessels (the "Warrants"). Reference is also made to the Company's stock
exchange notice of 20 October 2020 regarding the issuance of a convertible loan
to Aker Capital AS, Hemen Holding Limited and Jarsteinen AS as an anti-dilution
measure following completion of i.a. the exercise of warrants as set out above.

Following completion of the sale of the Vessel, 71,902 new shares have been
issued today as a result of exercise of Warrants, while 35,089 new shares have
been issued following partial conversion of the convertible loan, based on the
shareholding in the Company per 17 December 2021, in total 106,991 new shares.

As a result, the Company's share capital is now NOK 75,715,649 consisting of
75,715,649, each with a par value of NOK 1.

Skudeneshavn, January 17th 2022

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

This information is subject of the disclosure requirements pursuant to section
4.2.4 of Rule Book II for companies listed on Euronext Oslo Børs.

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