Solstad Farstad ASA (SOFF) has entered into a contract with Bibby Offshore
Limited for the CSV Normand Clipper for operations in the North Sea. The
contract period is 120 days firm in 2018 with options for 150 days in 2019 and
180 days in 2020. Commencement of the contract is between 15th March and 15th
April 2018.

SolstadFarstad is excited to once again be awarded a vessel Contract with Bibby
to support their operations in the North Sea and we are pleased to note that the
subsea activity in the region is improving, says Hans Knut Skår, EVP- Subsea
Constructions & Renewable of Solstad Farstad ASA.

Bibby Offshores Chief Executive, Howard Woodcock added: We are delighted to
have secured this charter with SolstadFarstad for the Normand Clipper. She will
be a very welcome addition to our fleet and provides us with a high quality
vessel with a proven track record of offshore construction work in the North
Sea.

Skudeneshavn, March 7th 2018