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Regulatory press release

SEA1: Acquisition of shares in subsidiary

Sea1 Offshore
Sea1 Offshore Inc. has agreed to purchase the shares in Sea1 AHTS Pool AS owned
by a minority shareholder, representing 22% of the shares in the company.
Following the transaction, Sea1 Offshore Inc. will own 100% of the shares in
Sea1 AHTS Pool AS, which owns five AHTS vessels.

For further information, please contact: Bernt Omdal, Chief Executive Officer,
Sea1 Offshore Inc. Phone +47 915 22 299
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