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Regulatory press release

Ocean Sun AS: Annual report 2024

Ocean Sun
The Board of Directors in Ocean Sun AS approved the 2024 annual financial
statements prepared in accordance with Norwegian Accounting Act and accounting
standards and practises generally accepted in Norway.

The annual report 2024 is attached and available on Ocean Sun's website
www.oceansun.no.

About Ocean Sun:
By combining the Norwegian maritime expertise and knowledge within
photovoltaics, Ocean Sun has developed an innovation that offers a bold solution
to our global energy needs. The patented technology is based on solar modules
mounted on hydro-elastic membranes and offers cost and performance benefits not
seen in any other floating PV system today. With offices in Oslo, Singapore and
Shanghai, Ocean Sun is embarking on its vision to become the world's leading
technology provider of floating solar.

For further details, please contact:
Kristian Tørvold, CEO of Ocean Sun, +47 97088847
Karl Lawenius, CFO of Ocean Sun, +47 45633881
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