OCEANTEAM BOARDMEMBER RESIGNS WITH IMMEDIATE EFFECT

Mrs Int Pos has offered her resignation forthwith as Board Member of Oceanteam ASA Member effective immediately.

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:

CFO Jos van Dijk: Bondholder appointed Board Member

+31 20 53 57 570 +31.6.13967855

jos@oceanteam.nl legger@marstrat.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
HUG#2178934