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Regulatory press release

OTS: Oceanteam ASA reports full year 2023 results

Oceanteam
The financial year 2023 was a transitional year for Oceanteam with the Oceanteam
Solutions segment sale being finalised as well as all the companies representing
the Oceanteam Shipping segment either being liquidated or sold. These operating
segments are presented under discontinued operations.

The loss from continuing operations has decreased from USD 1.2 million in 2022
to USD 0.8 million in 2023. The total loss has decreased from USD 8.2 million in
2022 to USD 1.3 million in 2023.

For further information about Oceanteam ASA please visit www.oceanteam.no or
contact:

Michael Timson
CEO
Oceanteam ASA
Telephone: +47 55 10 82 40
E-mail: info@oceanteam.no
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