Kristin Åbyholm is a member of the Board and primary insider in Ocean Sun AS
(the "Company") and represents Kvantia AS. Kvantia AS has 10th of October 2022
bought 657,073 shares in the Company at a price of NOK 9.0761 per share.

Following this transaction Kvantia AS holds 8,126,888 shares in Ocean Sun AS. In
addition Kristin Åbyholm holds 12,000 shares and Caaby AS, a related party to
Kristin Åbyholm, holds 585,700 shares in the Company (of which 50,000 shares are
lent out).

This information is subject to the disclosure requirements pursuant to the EU
Market Abuse Regulation article 19.


About Ocean Sun:

By combining the 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:
 
Børge Bjørneklett, CEO of Ocean Sun, +47 90195778
Karl Lawenius, CFO of Ocean Sun, +47 45633881