Ex reverse split and new face value 05.06.2012

Reference is made to announcement from the company
04.06.2012.

The shares in Oceanteam Shipping ASA will be traded
ex reverse split as from 05.06.2012.

10 old shares give 1 new share.

New - Face value: NOK 0.50
New - EMS: 2000
No change - ISIN: NO0010317316
No change - Country of register: NO - Norway
No change - Trading Currency: NOK
No change - Segment: OBMA

Note: The Members are advised to delete own
overnight orders before 18:15 (CET). After 18:15 (CET)
overnight orders will be deleted by the Exchange.