Solstad to Monitor Construction Operations on 2 AHTS Vessels

Reference is made to the announcement dated September 28, 2006 from Solstad Offshore ASA (SOFF) regarding the contract with Karmsund Maritime Service AS (KMS) for the building of two large anchorhandling
vessels (AHTS) for delivery in mid and late 2009.

KMS has announced operational problems, among others related to the construction of the above mentioned vessel. The situation is unclarified. Solstad will monitor the situation on the yard closely, and hope for a swift clarification.