The Board of Directors of Oceanteam ASA ("Oceanteam" or "Company") today
announce that it has appointed Michael Timson as Interim Chief Executive Officer
("CEO") of Oceanteam with effect from 1 March 2023.

Following the successful restructuring of the Company, including the recent
divestment of the Oceanteam Solutions Segment, Hans Reinigert has decided to
step down as Interim CEO of Oceanteam. The Board of Directors of Oceanteam
extends their gratitude to Hans Reinigert for his contribution and wishes him
well in his future endeavours.

As his successor, the board of directors is pleased to appoint Michael Timson
(Mike). Mike is a UK Chartered Accountant with a background in finance and
auditing. He has worked for Oceanteam for more than 6 years during which time he
has developed an extensive amount of expertise that will be integral during the
next phase of the company. He will temporarily be taking the position until
Oceanteam successfully completes a merger or acquisition. 


For additional information please contact:

Mike Timson 
Interim CEO 
Tel: +47 55 10 82 40
Email: info@oceanteam.no

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