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Mandatory notification of trade

Oct 29 2019
Corinvest B.V., a company controlled by chairman and primary insider of Oceanteam ASA (the "Company"), Mr. Keesjan Cordia, has yesterday subscribed for 21 shares in Oceanteam at a price of NOK 0.25 per share.
 
The background for the trade is the resolution in the extraordinary general meeting of the Company held on 10 September 2019 to increase the share capital of the Company by NOK 5,25 from NOK 197,448,284.50 to NOK 197,448,289.75 by issue of 21 new shares, each with a nominal value of NOK 0.25. The share capital increase was resolved in connection with the approval of a proposed reversed share split in the ratio of 23:1, in order to have a number of shares that can be divided by 23.
 
Corinvest B.V. has agreed to subscribe for the 21 new shares and transfer them free of charge and transfer the number of shares necessary to contribute to the rounding off of all fractional shares to the nearest whole share.
 
Following the transaction and until the abovementioned transfers take place Corinvest B.V. holds 151,600,021 shares in Oceanteam.
 
For more info please contact: Henk Hazenoot, Interim Chief Financial Officer Telephone +31 20 535 75 70.
 
This information is subject to the disclosure requirements pursuant to section 4-2 and 5-12 of the Norwegian Securities Trading Act.