OCEANTEAM ASA - MINUTES FROM EXTRAORDINARY GENERAL MEETING AND APPOINTMENT OF NEW DIRECTOR OF THE BOARD

Today, an extraordinary general meeting Oceanteam ASA (the "Company") was held
in Bergen, Norway. The following was decided upon;

The Articles of Association are amended to allow Nordic Trustee ASA, trustee on
behalf of the Company's bondholders, to appoint one director in Oceanteam's
Board of Directors until full redemption of the bond loan. In addition, the
Articles of Association are amended such that the Board of Directors shall
consist of a maximum of three directors.

On behalf of Nordic Trustee ASA, Mr. Bote de Vries was appointed as a new
director of the Board as from today. Mr. de Vries has a strong financial
background which will complement the current Board.

As a consequence, Mr. James Hill, director of the Board since 2012, stepped
down. Mr. Hill, with his unique expertise and business insight, has played an
important role and made a significant contribution within the Company in dealing
with the effects of the prolonged downturn in the oil and gas market. He
supported the strategy of moving the Company into different markets and defining
the new financial structure which is currently put in place. Oceanteam would
hereby like to thank him for being a tremendous asset for the Company and for
his continuous support.

The new Board of Oceanteam ASA consists of Mr. Hessel Halbesma (Chairman), Mrs.
Int Pos and Mr. Bote de Vries.

Please find attached the notice of EGM and the complete minutes.

Also read:

"Oceanteam and bondholders sign new bondholders agreement as part of Company's
refinancing process"



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 and fast 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 twelve years.

For more information: www.oceanteam.no

For further information about Oceanteam ASA please contact:

CEO Haico Halbesma: +31 20 53 57 570, haico@oceanteam.no

CFO Wilhelm Bøhn:  +47 55 10 82 40 , wilhelm@oceanteam.no


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