Ocean Sun — AGM Information 2021

Oct 11, 2021

MINUTES OF EXTRAORDINARY GENERAL MEETING IN OCEAN SUN AS (Reg. No. 917 619 751)

On Monday 11 October 2021 at 10:00 (CEST) an Extraordinary General Meeting of Ocean Sun AS was held at the company's headquarters in Snarøyveien 20, 1360 Fornebu, Norway

1. OPENING OF THE MEETING AND REGISTRATION OF ATTENDING SHAREHOLDERS AND PROXIES

Thomas Moe Børseth declared the general meeting open.

The record regarding attendance by the shareholders showed that 34 632 946 of the company's total of 44,956,200 shares with voting rights were represented, including by way of prior electronically voting and proxy votes. Thus, 77.04% of the total share capital with voting rights participated in the general meeting. The list of participating shareholders and the voting results for the agenda items are enclosed to these minutes as appendix 1.

2. ELECTION OF THE CHAIRPERSON OF THE MEETING AND AT LEAST ONE PERSON TO SIGN THE MINUTES TOGETHER WITH THE CHAIRPERSON

The general meeting adopted the following resolution:

Chairman of the Board, Thomas Moe Børseth is elected as chairperson of the meeting, and Børge Bjørneklett is appointed to sign the minutes of meeting together with the chairman.

3. APPROVAL OF THE NOTICE OF THE MEETING AND THE AGENDA

Based on the proposal from the Board of Directors, the general meeting adopted the following resolution:

The notice of the meeting and the agenda are approved.

4. ELECTION OF TWO NEW BOARD MEMBERS

Based on the proposal from the Board of Directors, the general meeting adopted the following resolution:

• I. Election of Anne Vera Skrivarhaug as a member of the Board for a period until the annual general meeting in 2022.
• II. Election of Kristin Aabyholm as a member of the Board for a period until the annual general meeting in 2022.

The board shall thereafter consist of:

• Thomas Moe Børseth (chairman)
• Brian Glover
• Børge Bjørneklett
• Anne Vera Skrivarhaug
• Kristin Aabyholm

Office Translation This translation is for information purposes only. Legal authenticity remains with the original document in Norwegian

5. BOARD AUTHORISATION TO INCREASE THE SHARE CAPITAL

Based on the proposal from the Board of Directors, the general meeting adopted the following resolution:

The Board is granted authorization to increase the share capital with up to NOK 44,986 through one or several share capital increases.

The authorization may be used for the following purposes:

(i) To strengthen the Company's balance sheet and for general corporate purposes, (ii) In connection with investments, mergers, and acquisition, (iii) In connection with the share-based option program

The Board decides the other terms and conditions for the share capital increase. Shares may be issued in exchange for cash settlement or contribution in kind, including in connection with mergers, and the authorization gives the right to incur specific obligations on behalf of the Company, cf. section 10-2 of the Norwegian Private Limited Companies Act.

The existing shareholders' preferential rights to subscribe for shares may be waived by the Board in connection with the effectuation of this authorization.

This authorization is valid from the time of registration with the Norwegian Register of Business Enterprises and expires at the annual general meeting in 2022 but shall in any event expire at the latest on 30 June 2022.

The Board is at the same time given authorization to make the necessary amendments to the articles of association on execution of the authorization. This authorization replaces the authorization to increase the share capital granted by the Annual General Meeting held on the 20th of May 2021.

***

There were no more items on the agenda and the meeting was adjourned.

Fornebu, October 11, 2021

Thomas Moe Børseth Børge Bjørneklett

________________________ ________________________

Appendix 1:

List of participating shareholders and voting results

APPENDIX 1

ISIN:	NO0010887565 OCEAN SUN AS
General meeting date: 11/10/2021 10.00
Today:	11.10.2021

	Number of shares % sc
Total shares	44,986,200
- own shares of the company	30,000
Total shares with voting rights	44,956,200
Represented by advance vote	24,130,474	53.68 %
Sum own shares	24,130,474	53.68 %
Represented by proxy	26,130	0.06 %
Represented by voting Instruction	10,476,342	23.30 %
Sum proxy shares	10,502,472	23.36 %
Total represented with voting rights	34,632,946 77.04 %
Total represented by share capital	34,632,946 76.99 %

ISIN:	NO0010887565 OCEAN SUN AS
General meeting date: 11/10/2021 10,00
Today:	11.10.2021
Shares class	FOR	Against	Poll in			Abstain Poll not registered Represented shares with voting rights
Agenda item 2 Election of the chairperson of the meeting and at least one person to sign the minutes
together with the chairperson
Ordinær	34 632,932	0	34,632,932	14	0	34,632,946
votes cast in %	100.00 %	0.00 %		0.00 %
representation of sc in %	100.00 %	0.00 %	100.00 %	0.00 %	0.00 %
total sc in %	76.99 %	0.00 %	76.99 %	0.00 %	0.00 %
Total	34,632,932	0	34,632,932	14	0	34,632,946
Agenda item 3 Approval of the notice of the meeting and the agenda
Ordinaer	34,632,946	0	34,632,946	0	0	34,632,946
votes cast in %	100.00 %	0.00 %		0.00 %
representation of sc in %	100.00 %	0.00 %	100.00 %	0.00 %	0.00 %
total sc in %	76.99 %	0.00 %	76.99 %	0.00 %	0.00 %
Total	34,632,946	0	34,632,946	0	0	34,632,946
Agenda item 4.a Election of Anne Vera Skrivarhaug as a member of the Board for a period until the annual
general meeting in 2022.
Ordinær	33,884,685	748,261	34,632,946	0	0	34,632,946
votes cast in %	97.84 %	2.16 %		0.00 %
representation of sc in %	97.84 %	2,16 %	100.00 %	0.00 %	0.00 %
total sc in %	75.32 %	1.66 %	76.99 %	0.00 %	0.00 %
Total	33,884,685	748,261	34,632,946	0	0	34,632,946
Agenda item 4.b Election of Kristin Aabyholm as a member of the Board for a period until the annual general meeting in 2022.
Ordinær	33,884,685	748,261	34,632,946	0	0	34,632,946
votes cast in %	97.84 %	2.16 %		0.00 %
representation of sc in %	97.84 %	2.16 %	100.00 %	0.00 %	0.00 %
total sc in %	75.32 %	1.66 %	76.99 %	0 00 %	0.00 %
Total	33,884,685	748,261	34,632,946	0	0	34,632,946
Agenda item 5 Board authorisation to increase the share capital
Ordinær	33,671,582	961,364	34,632,946	0	0	34,632,946
votes cast in %	97.22 %	2.78 %		0.00 %
representation of sc in %	97.22 %	2.78 %	100.00 %	0.00 %	0.00 %
total sc in %	74.85 %	2.14 %	76.99 %	0.00 %	0.00 %
Total	33,671,582	961,364	34,632,946	0	0	34,632,946

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Office Translation This translation is for information purposes only. Legal authenticity remains with the original document in Norwegian

	Name Total number of shares Nominal value Share capital Voting rights
Ordinær	44,986,200	0.01	449,862.00 Yes
Sum: