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Regulatory press release

OSUN: Ocean Sun Strengthens Leadership Team with Strategic Appointments

Ocean Sun
Ocean Sun AS is excited to announce the expansion of its leadership team with
the appointments of David Knutsen as Chief Product Officer (CPO) and Carl Petter
Lehne as Chief Operating Officer (COO), effective October/November 2024.

David Knutsen brings over a decade of experience in the maritime industry,
having played a pivotal role in the development of the world's first floating
LNG transfer system as Co-founder and CTO of ECOnnect Energy AS. His expertise
in marine technology and experience in product development and scaling
innovative solutions will be invaluable to Ocean Sun as we continue to expand
our offerings. David holds a Master's degree in Marine Technology from the
Norwegian University of Science and Technology (NTNU).

Carl Petter Lehne joins Ocean Sun after a successful tenure at Metier, where he
led the Industry and Infrastructure Group. With a rich background in managing
complex infrastructure projects, including key roles at Multiconsult engineering
projects, Carl Petter brings a deep understanding of best practices in project
development, management and execution. His knowledge will be instrumental in
guiding Ocean Sun through its current scale-up phase. Carl Petter holds a
Master's degree in Civil Engineering with a focus on Marine Technology and
Geotechnical Engineering from the Technical University of Denmark (DTU).

"David's deep technical expertise in marine technology, coupled with Carl
Petter's extensive experience in executing large-scale infrastructure projects,
will be game changing as we drive Ocean Sun's growth and innovation forward,"
said Kristian Tørvold, CEO of Ocean Sun. "Their combined skills and leadership
will significantly enhance our capabilities in both product development and
operational execution. We are thrilled to welcome them to the team."


About Ocean Sun:

By combining 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 be the world's leading technology
provider of floating solar.

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