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Regulatory press release

Oceanteam ASA - Summons to Extraordinary General Meeting 4 July 2024

Oceanteam
Lysaker, Norway, 3 June 2024

Reference is made to the joint announcement issued on 30 May 2024 by Oceanteam
ASA ("Oceanteam", OSE: OTS) and Soiltech AS ("Soiltech", NOTC: SOIL)
(hereinafter jointly referred to as the "Companies") regarding the signing of a
merger plan for the combination of the Companies in an all-stock transaction,
with Soiltech, as the surviving entity, issuing merger consideration shares to
the shareholders of Oceanteam.

The signed merger plan has been submitted to the Norwegian Register of Business
Enterprises (Nw. Foretaksregisteret) and has today been announced in the
Norwegian Register of Business Enterprises.

To approve the merger with Soiltech, an extraordinary general meeting of
Oceanteam (the "EGM") will be held on 4 July 2024. The EGM will be held as a
virtual meeting at 11:00 CEST. The notice for the EGM can be downloaded from
www.oceanteam.nl and is attached hereto, together with relevant appendices.

For further details regarding the merger, please refer to the merger plan with
appendices, available on Oceanteam's website www.oceanteam.nl, under the section
"Investors" and at Oceanteam's corporate headquarters.

For further information, please contact:

Oceanteam ASA
Michael Timson, CEO of Oceanteam ASA
Telephone: (+47) 55 10 82 40
Email: info@oceanteam.no
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