OCEANTEAM ASA - DISPUTED WITHDRAWAL OF SERVICES BY KPMG

Following the suspension by Oceanteam ASA of the auditor`s services of KPMG in Norway on 14 November 2017, KPMG has informed the Company that it withdraws its services as statutory auditor in Norway with immediate effect. Oceanteam ASA disputes the validity of such resignation and is in process of filing a formal complaint.

Also read the press release published on 14 November 2017.

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.

For more information: www.oceanteam.no

For further information about Oceanteam ASA please contact:
CEO Haico Halbesma:	+31 20 53 57 570,	haico@oceanteam.no
CFO Jos van Dijk:	+31 20 53 57 570,	jos@oceanteam.nl

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

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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
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