SOLSTAD MARITIME ASA - Major Shareholding Notification and Mandatory Notification of Trade
Solstad Shipholding AS, a 100% owned subsidiary of Solstad Offshore ASA
("SOFF"), has today transferred 126,908,020 shares in Solstad Maritime ASA
("SOMA") to SOFF. The transfer was made in the form of a distribution of
dividend in kind from Solstad Shipholding AS to its sole shareholder, SOFF.
Solstad Shipholding AS' holding of shares in SOMA has thereby been reduced from
27.3% to 0%, and SOFF's direct holding of SOMA shares has increased from 0% to
27.3%