REM iShares Mortgage Real Estate ETF

Date on which the terms and conditions of the repair issue were announced: 9 September 2016

Last day including right:  10 October 2016

Ex-date: 11 October 2016

Record date: 12 October 2016

Date of approval: 10 October 2016

Maximum number of new shares: 1 600 000 class B shares in Solstad Offshore ASA 

Subscription price: 12,50

Other information (optional): Refers to conditional repair issue for subscription of class B shares in Solstad Offshore ASA directed towards shareholders in REM Offshore ASA per 10 October 2016 which are not   invited to participate in the contemplated private placements in REM Offshore ASA directed towards Åge Remøy directly or indirectly, Vard Group AS and the bondholders in REM04PRO and REM05. The application period will run from 14 October until 27 October 2016. Allocation rights issued to eligible shareholders will not be transferable. The repair offering will be conditional upon completion of the merger between REM Offshore ASA and Solship Invest 1 AS, a company controlled by Solstad Offshore ASA against issuance of consideration shares in Solstad Offshore ASA.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)