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OCEANTEAM ASA CHAIRMAN OF THE BOARD RESIGNS WITH IMMEDIATE EFFECT

In order to mitigate against further repercussion against the Company and to diffuse the misinformation that is circulating currently, Chairman of the Board Mr. Hessel Halbesma offered his resignation forthwith as Chairman of the Board of Oceanteam effective immediately.

His resignation follows the approval and issue summons for an EGM to be held on Friday 13 April 2018.

Please find further for details of a letter of resignation on the company`s website Letter Hessel Halbesma Chairman of the Board

About Oceanteam ASA

The Company is comprised of two operating segments, Oceanteam Shipping and Oceanteam Solutions. Oceanteam Shipping owns, charters and manages deep-water offshore support vessels and fast support vessels. Oceanteam Solutions` focus is to provide its clients with complete offshore solutions. Oceanteam ASA has been active in the industry as an offshore solutions provider for over twelve years.

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For more information: www.oceanteam.no

For further information about Oceanteam ASA please contact:

CFO Jos van Dijk:

+31 20 53 57 570

jos@oceanteam.nl

Bondholder appointed Board Member

+31 6 139 67 855

legger@marstrat.nl

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Oceanteam ASA via GlobeNewswire

HUG#2178487