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Regulatory press release

OTS: Oceanteam ASA reports half year 2023 results

Oceanteam
The financial performance of Oceanteam improved during the first half of 2023
from a net loss of USD 1.1 million in H1 2022 to a net loss of USD 0.7 million
in H1 2023.

The loss from discontinued operations decreased by USD 0.3 million from USD 0.4
million in H1 2022 to USD 0.1 million in H1 2023. The loss from continuing
operations decreased by USD 0.1 million from USD 0.7 million in H1 2022 to USD
0.6 million in H1 2023.

For further information about Oceanteam ASA please visit www.oceanteam.no or
contact:

Michael Timson
CEO
Oceanteam ASA
Telephone: +47 55 10 82 40
E-mail: info@oceanteam.no
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