Skudeneshavn, 22 January 2025: Solstad Maritime Holding AS (SMH or the Company) today announces that it intends to apply for a listing of its shares on Euronext Oslo Børs during Q2 2025. A listing is in line with the Company's previously expressed intention to list within 12 months after completion of its NOK 750 million equity raise in June 2024, and supported by the Company's three main shareholders, Aker Capital, Solstad Offshore and AMSC.

A listing of SMH is expected to facilitate further growth and development of the Company's business, improve the Company's ability to pursue strategic opportunities and provide a liquid market for the Company's shares.

SMH's largest shareholders are Aker Capital (42%), Solstad Offshore (27.3%), and AMSC (19.6%). The board of directors of AMSC has informed the Company that it intends to propose to distribute its 19.6% ownership stake in SMH to its shareholders in connection with a listing of the Company, which will contribute to substantially increase the free float in SMH's shares.

Completion of a listing is subject to, among other things, approval of a listing application by Euronext Oslo Børs, approval of a listing prospectus by the Norwegian Financial Supervisory Authority, conversion of the Company to a public company (ASA), the Company fulfilling applicable listing requirements and certain other conditions. SMH does not intend to carry out a share offering as part of its listing.

"We look forward to delivering on the intention to list the Company on a regulated market, as communicated when the company was refinanced in 2024, and thereby making the share liquid for its shareholders. We continue to experience a healthy market for offshore vessels, which is positive for the shareholders of both Solstad Maritime Holding and Solstad Offshore." says Lars Peder Solstad, CEO of Solstad Offshore.

Subject to, fulfilling the conditions for completing the listing set out above, the Company is expected to have a first day of trading on Oslo Børs during Q2 2025. Further announcements relating to the listing will be made in due course.

SMH is a leading provider of specialized offshore tonnage to the global energy markets, including the oil and gas and renewables industries. The Company owns 32 vessels, including 22 construction support vessels (CSVs) and 10 anchor handling tug supply vessels (AHTS), and have more than 1,700 employees. SMH also provides ROV, survey and other additional services to its Clients. The Company has operations worldwide, with particular focus on Brazil, North Sea, Southeast Asia, Australia and Africa.

Company Contacts:

Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 907 59 489

This information is considered to be inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading Act . The announcement was published by Kjetil Ramstad, CFO, at Solstad Offshore ASA on 22 January 2025 07:00.

Forward-looking statements: This announcement contains certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the company's current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.