OCEANTEAM ASA - TO SELL PART OF ITS SOLUTIONS BUSINESS

Today, Oceanteam ASA, the Dutch - Norwegian offshore service provider, listed at the Oslo stock exchange, announces it has signed a heads of terms agreement to sell part of its Solutions business.

The expected buyer will start a due diligence process and parties have started to document the transaction.

Commercial terms remain confidential and further information will be released as soon as the transaction is fully closed.

Oceanteam, also after the transaction, will continue to comprise of two operating segments, Shipping and Solutions.

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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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
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