Further to the earlier announcement made at the Annual General Meeting of
Oceanteam ASA (the “Company” or “Oceanteam”) on 7 May 2020 that board member
Hendrik Johannes Jesse would not be available for a renewal of his board
position, Mr. Jesse has informed the Company that he resigns from the board of
directors (the “Board”) of the Company per 15 August 2020. The Board will as
soon as practically possible call for an extraordinary general meeting of the
Company for appointment of one additional director. 

Oceanteam wishes to thank Mr. Jesse for his contribution to the Company over the
last two years. 

About Oceanteam ASA

The Company is comprised of two operating segments, Oceanteam Shipping and
Oceanteam Solutions. Oceanteam Shipping owns, charters and manages deep-water
offshore support vessels. Oceanteam Solutions' focus is to provide its clients
with complete offshore solutions. Oceanteam ASA has been active in the industry
as an offshore solutions provider for over fourteen years.

For further information about Oceanteam ASA please visit www.oceanteam.no
or please contact: Henk van den IJssel, CEO at henkij@oceanteam.nl
Telephone +31 20 535 75 70

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.