An Extraordinary General Meeting of OHT ASA (the "Company") was held today, on
30 September 2021. All proposals on the agenda were adopted in accordance with
the Board of Directors' proposal. 

The Extraordinary General Meeting resolved to increase the share capital of the
Company by NOK 31,432,505.40 from NOK 12,223,752.10 to NOK 43,656,257.5, by the
issuance of 314,325,054 new shares. The new shares will be subscribed for by
Subsea 7 Blue Space Limited against a contribution in kind of 100% of the shares
in Seaway Offshore Cables GmbH, SHL Holding NL B.V., Seaway Aimery AS, Seaway
Moxie AS and Seaway Phoenix AS. This contribution constitutes the offshore fixed
wind business of Subsea 7 S.A. (the "Transaction").

The closing of the Transaction is scheduled to take place tomorrow morning on 1
October 2021.

The Extraordinary General Meeting also resolved, with effect from closing of the
Transaction:

o A change of the Company's name to Seaway 7 ASA.
o The election of a new board of directors consisting of: Rune Magnus Lundetræ,
Kristian Siem, John Evans, Nathalie Louys and Monica Bjørkmann. Effective from
closing of the Transaction, Marianne Heien Blystad and Fredrik Platou will
resign from the board. 
o The appointment of Ernst & Young AS as the new auditor.

The minutes of the Extraordinary General Meeting are attached and will be made
available on https://www.oht.no/investor-relations/general-meetings. 

For further information, please contact:

Tom Jebsen, Chief Financial Officer
+47 907 47 997