OCEANTEAM ASA - TRANSACTION OF KCI HAS BEEN CLOSED THROUGH SIGNING OF SALE AND PURCHASE AGREEMENT WITH IHC

With reference to the press release issued on 3 January 2018 Oceanteam ASA (Oceanteam), the Dutch - Norwegian offshore service provider, listed at the Oslo stock exchange, and Royal IHC (IHC), a Dutch privately owned global supplier of innovative and efficient equipment, vessels and sustainable services for the offshore, dredging and wet mining markets announce that the required conditions precedent have now been fulfilled.

Consequently the transaction under the terms of which IHC acquires all of the outstanding share capital of Oceanteam`s Dutch based engineering and consultancy company KCI the Engineers B.V. has been closed on Monday 15 January 2018 through signing of the Sale and Purchase Agreement and ancillary documents.

Also read: Royal IHC acquires KCI from Oceanteam

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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