Rectification of Minutes of Meeting of AGM of Shareholders of Oceanteam (REG. No. 988 788 945)

With reference to the Minutes of Meeting of Annual General Meeting of Shareholders of Oceanteam ASA, published on 12 July 2018, a typographical error was detected in the Norwegian version op page 9 the last but one sentence of Agenda item 15. Proxy to the Board of Directors to Increase the Share Capital to Raise New Capital to Finance Acquisitions. The Norwegian version reads:

" Styrets forslag ble ikke vedtatt".

The correct text should read as follows:

" Styrets forslag ble vedtatt".

Oceanteam apologise for any inconvenience.