Oceanteam ASA — M&A Activity 2018

Jan 3, 2018

OCEANTEAM ASA - ROYAL IHC ACQUIRES KCI FROM OCEANTEAM

OCEANTEAM ASA - ROYAL IHC ACQUIRES KCI FROM OCEANTEAM

Oceanteam ASA (Oceanteam), the Dutch - Norwegian offshore service provider,

listed at the Oslo stock exchange, and Royal IHC (IHC), a Dutch privately owned

global supplier of innovative and efficient equipment, vessels and sustainable

services for the offshore, dredging and wet mining markets announce that

Oceanteam and IHC have executed a signing protocol under the terms of which IHC

will acquire all of the outstanding share capital of Oceanteam's Dutch based

engineering and consultancy company KCI the Engineers B.V. subject to certain

conditions precedent through an agreed Sale and Purchase Agreement. The

transaction is not subject to regulatory approval.

IHC plans to maintain KCI as an independent brand and operating company which

will continue to serve external clients whilst also working on IHC projects.

Oceanteam will continue to have access to all intellectual property built up

over the years in relation to Oceanteam's vessels, carousels and other assets.

Furthermore, Oceanteam continues to have access to KCI's engineering

capabilities through a long term Service Level Agreement (SLA) between IHC and

Oceanteam. This will provide Oceanteam with all necessary engineering support to

pursue further growth of its Solutions and Shipping divisions. Oceanteam will

continue to comprise of two operating segments, Shipping and Solutions.

Diederik van Rijn, IHC Group Executive Director adds: "the acquisition of KCI

fits within the overall strategy of IHC to further develop into a provider of

knowledge and technology based services and products. KCI has built up an

impressive track record in providing engineering solutions for the Oil & Gas,

Offshore Wind and giant ferris wheels market segments and complements the other

engineering centers of expertise within the group. We believe that KCI, with IHC

as a strong reliable parent, will be able to further develop and grow to the

benefit of its clients. We are also delighted to continue to provide engineering

services to Oceanteam in the future".

Haico Halbesma, CEO of Oceanteam explains: "IHC presented a strategy that fits

with the next step KCI has to take in terms of further expanding its unique

designs and credentials list to become an even stronger partner for its clients.

It also emphasizes the confidence in the engineering capabilities and idea

realization skills of the KCI team. Their outstanding engineering projects have

caught the attention of many clients over the past years, including amongst

others the group that realizes the biggest ferris wheel that is now being built

on Bluewater's Island in front of the Dubai coastline."

Oceanteam will use the proceeds of the sale to improve the Company's liquidity

and to reduce outstanding debts. "By securing continued access to KCI's services

for our own Solutions business this is definitely a win-win transaction",

concludes Halbesma.

Further financial details are not being disclosed.

About IHC

In an ever-changing political and economic landscape, Royal IHC enables its

customers to execute complex projects from sea level to ocean floor in the most

challenging of maritime environments.

We are a reliable supplier of innovative and efficient equipment, vessels and

services for the offshore, dredging and wet mining markets. With a history

steeped in Dutch shipbuilding since the mid-17th Century, we have in-depth

knowledge and expertise of engineering and manufacturing high-performance

integrated vessels and equipment, and providing sustainable services. From our

head office in The Netherlands and with 2,700 employees working from sites and

offices on a global basis, we are able to ensure a local presence and support on

every continent.

Dredging operators, oil and gas corporations, offshore contractors, mining

houses and government authorities all over the world benefit from IHC's high-

quality solutions and services. With our commitment to technological innovation,

in which sustainability and safety are key, we strive to continuously meet the

specific needs of each customer in a rapidly evolving world.

For more information on Royal IHC, visit www.royalihc.com

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 Jos van Dijk: +31 20 53 57 570, jos@oceanteam.nl

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.