Oceanteam ASA

Post-Annual General Meeting Information • May 15, 2024

(Unofficial office translatÍon - in case of any discrepancies the Norweglan version shall prevail)

PROTOKOLL FRA O RDINIER GENERALFORSAMLIN G

I

OCEANTEAM ASA oRG.NR. 988 788 945

MINUTES FROM ANNUAL GENERAL MEETING

OF

OCEANTEAM ASA REG. NO.988 788 94s

Den 15, Mai 2024 kl, 15:00 ble det avholdt ordinar generalforsa mlin g i Oceanteam ASA ( "Selskapet").

I trád med innkallingen til den ordinere generalforsamlingen sendt til aksjeeiern e 24. april 2024 ble motet avholdt som elektronisk mote.

Til behandling forelá

1 ÀPNING AV GENERALFORSAMLINGEN VED STYRETS LEDER OG OPPTAK AV FORTEGN ELSE OVER MOTEN DE AKSJEEIERE

Generalforsamlingen ble ápnet av styrets leder, Kornelis Jan Willem Cordia, som opptok fortegnelse over motende aksjeeiere og fullmakter.

Fortegnelsen viste at 18 028 906 av i alt 34 338 833 aksjer og stemmer tilsvarende 52,50300/o av aksjekapitalen var representert,

Fortegnelsen over fremm@tte aksjer og slemmer er vedlagt protokollen som Vedlegg 1.

2 VALG AV MOTELEDER

Karin Govaert ble valgt til moteleder

3 GODKJENNELSE IIV INNKALLING OG DAGSORDEN

Innkallingen og dagsorden ble godkjent.

The annual general meeting of Oceanteam ASA (the "Company") was held on 15 May 2024 at 75:00 hours (CESï).

In accordance with the notice of annual general meetlng sent to the shareholders on 24 April 2024, the meeting was carried out as an electronic meeting.

The following was on the agenda

1 OPENING OF THE GENERAL MEETING BY THE CHAIRMAN AND RECORD OF THE SHAREHOLDERS PRESENT

ïhe general meeting was opened by the chairman of the board of directors, Kornelis Jan Willem Cordia, who registered attending shareholders and proxies,

The list showed that 18 028 906 of in Lotal 34,338,833 shares and votes, corresponding to 52,5030%o of the share capital, were represented.

The list of participating shares and votes are attached to these minutes as Appendix 1.

2 ELECTION OF A PERSON TO CHAIRTHE MEETING

Karin Govaert was elected to chair the meeting,

3 APPROVAL OF THE NOTICE AND AGENDA

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The notice and the agenda were approved

Motelederen erklerte deretter generalforsamlingen som lovlig satt.

4 VALG AV ÉTV PERSON TIL ^A MEDUNDERTEGNE PROTOKOLLEN SAMMEN MED MOTELEDER

Michael Timson ble valgt til á undertegne protokollen sammen med moteleder,

5 GODKJENNELSE AV ÀNSRTENSTAPET OG AnsgrRrrÍ{TNGEN FoR REGNSKApSARET 2023, HERUNDER UTDELING AV UTBYTTE

I samsvar med styrets forslag generalforsamlingen fOlgende vedtak: fattet

Selskapets Srsregnskap og styrets ársberetning for reg nska ps4 ret 2 An god kj en nes.

Det skal ikke utdeles utbytte for regnskaps1ret 2023

6 FASTSETTELSE AV GODTGJORELSE TIL STYRETS MEDLEMMER

Generalforsamlingen vedtok at den árlige godtgjorelsen til styrets medlemmer for áret 2025 skal utgj0re NOK 400 000 for styreleder og NOK 300 000 for de ovrige styremedlemmene,

Generalforsamlingen vedtok videre at styremedlemmene ikke skal motta ytterligere godtgjOrelse med mindre dette godkjennes av generalforsa mlingen.

FASTSETTELSE AV GODTGJORELSE TIL MEDLEMMER AV REVISJONSUTVALGET 7

Generalforsamlingen vedtok at den árlige godtgjorelsen til medlemmer av revisjonsutvalget for áret 2025 skal utgjore NOK 37 500,

Generalforsamlingen vedtok videre at medlemmene av revisjonsutvalget ikke skal motta ytterligere The chairperson thereafter declared the general meeting as lawfully convened,

4 ELECTION OF A PERSON TO CO-SIGN THE MINUTES TOGETHER WITH THE CHAIRPERSON

Michael Timson was elecLed to sign the minutes together with the chairperson of the meeting.

5 APPROVAL OF THE ANNUAL ACCOUNTS AND THE ANNUAL REPORT FOR THE FINANCIAL YEAR 2023, INCLUDING DISTRIBUTION OF DIVIDENDS

In accordance with the board of directors' proposal, the general meeting resolved the following:

The Company's annual accounts and annual report for the financial year 2023 are approved.

No dividends shall be distributed for the financial year 2023.

6 DETERMINATION OF THE REMUNERATION TO THE MEMBERS OF THE BOARD OF DIRECTORS

The general meeting resolved that the annual remuneration of the members of the board of directors for the year 2025 shall be NOK 400,000 for the chairman and NOK 300,000 for the other board members.

The general meeting further resolved that the board members may not receive any additional remuneration unless this is approved by the general meeting.

7 DETERMINATION OF THE REMUNERATION TO THE MEMBERS OF THE AUDIT COMMITTEE

The general meeting resolved that the annual remuneration for the members of the audit committee for the year 2025 shall be NOK 37,500.

The general meeting further resolved that the members of the audit committee may not receive any

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godtgjorelse med mindre dette godkjennes av generalforsamlingen.

8 GODKJENNELSE AV REVISORS GODTGJoRELSE FOR 2023

I samsvar med styrels forslag generalforsamlingen folgende vedtak: fattet

Generalforsamlingen godkjenner revisors honorar for 2023 etter regníng,

9 BEHANDLING AV RAPPORT OM LONN OG ANNEN GODTGJORELSE FOR LEDENDE PERSONER

Det ble redegjott for godtgjorelsesrapporten utarbeidet av Selskapet i henhold til allmennaksjeloven 5 6-16b og den tilhorende forskriften.

Generalforsamlingen traff deretter folgende vedtak i en rádgivende avstemning :

Generalforsamlingen gir sin tilslutnÍng til rapporten om lonn og annen godtgjorelse til ledende persaner.

10 VALG AV STYREMEDLEMMER

Styremedlemmene Kornelis lan Willem Cordia, Jacob Johannes van Heijst og Karin Yvonne Antoinette Govaert sÍn Ljenestetid etter allmennaksjeloven \$ 6-6 utloper ved avslutning av den ordinere generalforsamlingen 15. mai 2024. Styret har foreslátt at generalforsamlingen velger nye styremedlemmer.

Styreleder i Selskapet Kornelis lan Willem Cordia, styremedlem Jacob Johannes van Heijst og styremedlem Karin Yvonne Antoinette Govaert stiller til gjenvalg for en ny periode p3 to ár og styret foreslo derfor at Kornelis lan Willem Cordia, Jacob Johannes van Heijst og Karin Antoinette Yvonne Govaert gjenvelges for en periode pá to ár.

I tr8d med styrets forslag fattet generalforsamlingen vedtak om at styret skal bestá av folgende personer:

additional remuneration unless this is approved by the general meeting.

8 APPROVAL OF THE REMUNERATION TO THE AUDITOR FOR 2023

In accordance with the board of directors' proposal, the general meeting resolved the following resolution:

The general meeting appraves the auditor's remuneration for 2023 as per the auditor's invoice.

9 CONSIDERATION OF THE REPORT ON SALARY AND OTHER REMUNERATION TO SENIOR EXECUTIVES

The remuneration repoÊ prepared by the Company in accordance with Section 6-16b of the Norwegian Public Limited Liability Companies Acl and the accompanying regulation was accounted for.

The general meeting then passed the following resolution in an advisory vote:

The general meeting endorses the report on salary and other remuneration to senior executives,

10 ELECTION OF BOARD MEMBERS

Pursuant to the Public Limited Liability Companies Act Section 6-6, the term of Kornelis Jan Willem Cordía, Jacob Johannes van Heijst and Karin Antoinette Yvonne Govaert expires at the close of the annual general meeting held on 15 May 2024. The board of dlrecLors has proposed that new board members are elected by the general meeting,

Kornelis Jan Willem Cordia, Chairman of the board of directors and board members Jacob Johannes van Heijst and Karin Antoinette Yvonne Govaert, have informed the Company that they are willing to continue as directors for a new term of two years and the board of directors proposed that Kornelis Jan Willem Cordia, Jacob Johannes van Heijst and Karin Antoinette Yvonne Govaert are re-elected for a term of two years.

In accordance with the board of dlrectors'proposal, the general meeting resolved that the board of directors shall consist of the following persons:

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Kornelis Jan Willem Cordia (styreleder)

Karin Antoinette Yvonne Govaert (styremedlem)

Jacob lohannes van Heijst (styremedlem)

I1 REDEGJORELSE FORFORETAKSSTYRING

Moteleder gjennomgikk hovedinnholdet i redegjorelsen for foretaksstyring avgitt i henhold til regnskapsloven \$ 3-3 b,

Kornelis Jan Willem Cordia (chairperson)

Karin Antoinette Yvonne Govaert (board member)

Jacob lohannes van Heijst (board member)

11 STATEMENT REGARDING CORPORATË GOVERNANCE

The chairperson of the meeting went through the main elements of the statement on corporate governance provided in accordance with the Norwegian Accounting Act section 3-3 b.

Stemmegivning

Resultatet av stemmegivningen for de ovennevnte sakene er inntatt som Vedlegg 2 til denne protokollen,

Det var ikke flere saker pá dagsordenen

Mgtet ble hevet.

Voting results

ïhe voting result for each of the abovementioned matters are included in Appendix 2 to these minutes.

***

There were no further matters on the agenda

The meeting was adjourned,

15 May 2024

SIGNING: Karin Govaert

Moteleder,/chair

Vedlegg:

• 1. Fortegnelse over motende aksjeeiere
• 2, Stemmeresultater

CO.SIGNING:

Michael ïimson Medundertegner / Co-signatory

Appendices:

• 1. Record of attending shareholders
• 1. Voting results

Vedleggl/Appendixl

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Record of attending shareholders

Name	Holdinqs	Represented as
COS New Citv Hiqh Yield Fund Ltd	95 008	Advance Votes
Roval London Asset Manaoement Funds PLC	L 826 012	Advànce Votês
Arizona PSPRS Trust	1 t79 382	Advance Votes
Henrik Marius Van Hêiist	8 250 000	Volino Instruetions
Jacob Johannes Van Heiist	a7 947	Votino Instructlons
Corinvêst B.V.	6 590 517	Votlno lnstnrciions
Total	18 028 906

Vedlegg 2 / Appendix2

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Voting results
Agenda item 2 - Election of a person to chair the meeting
	Shares	Votes	o/o of votes cast	o/o of votes represented
Tota, represented	18 028 906	18 028 906		100,ooooo/o
Votes cast	18 028 906	18 028 906	100,0000o/o	100,0000o/o
Voted in favour	18 028 906	18 028 906	100,00000/o	100,00000/o
Voled againsl	0	0	0,0000o/o	0,0000o/o
Abstained	0	0		0,0000%
Rêsult	Resolved
Agenda item 3 - Approval of the notice and agenda
	Shares	Votes	o/o of votes cast	o/o of votes represented
ïotal represented	18 028 906	18 028 906		100,0000o/o
Votes cast	18 028 906	18 028 906	100,0000o/o	100,0000o/o
Voted in favour	18 028 906	18 028 906	100,0000o/o	100,0000o/o
Voted against	0	0	0,0000%	0,0000o/o
Abstained	0	0		0,0000o/o
Result	Resolved
Agenda item 4 - Electíon of a person to co-sign the minutes together with the chairperson
	Shares	Votês	o/o of votes cast	o/o of votes represented
Total represented	18 028 906	18 028 906		100,0000o/o
Votes cast	18 028 906	18 028 906	100,00000/o	100,00000/o
Voted in favour	18 028 906	t8 028 906	10o,o0ooo/o	100,0000o/o
Voted against	0	0	0,0000o/o	0,0000o/o
Abstained	0	0		0,0000%
Rêsult	Resolved
Agenda item 5 - Approval of the annual accounts and the annual report for the financial year 2O23, including distribution of dividends
	shares	Votes	o/o of votes cast	o/o of votes represented
Total represented	18 028 906	18 028 906		1oo,000oo/o
Votes cast	18 028 906	18 028 906	100,0000o/o	100,00000/o
Votêd in favour	18 028 906	18 028 906	100,0000o/o	100,0000o/o
Voted aqainst	0	0	0,00000/o	0,0oo0o/o
Abstained	0	0		0,0000o/o
Result	Resolved

Agenda item 6 - Determination of the remuneration to the members of the board of directors
	Shares	Votes	o/o of votes cast	o/o of votes represênted
Total represented	18 028 906	18 028 906		100,0000o/o
Votes cast	18 028 906	18 028 906	1oo,000oo/o	1oo,000oo/o
Voted ln favour	18 028 906	18 028 906	100,00000/o	100,00000/o
Voted agalnst	0	0	0,0000%	0,0000o/o
Abstained	0	0		0,0000o/o
Result	Resolved
Agênda item 7 - Determinataon of the remuneration to the members of the audit committee
	Shares	Votes	o/a of votes cast	o/o of votes represented
Total represented	18 028 906	18 028 906		100,00000/o
Votes cast	18 028 906	18 028 906	100,0000%	100,0000o/o
Voted in favour	18 028 906	18 028 906	100.0000o/o	100,0000%
Voted against	0	0	0,0000o/o	0,0000o/o
Abstained	0	0		0,0000o/o
Result	Resolved
	Agenda item 8 - Approval of the remuneration to the auditor for 2O23
	ShaÍes	Votês	oó of votes cast	o/o of votes represented
Total represented	18 028 906	18 028 906		100,0000o/o
Votes cast	18 028 906	18 028 906	100,0000o/o	10o,oo0oo/o
Voted in favour	18 028 906	18 028 906	1 00,0000o/o	100,0000o/o
Voted against	0	0	0,0000o/o	0,0000o/o
Abstained	0	0		o,o00oo/o
ResuÍt	Resolved
		Agenda ítem 9 - Consideration of the report on salary and other remuneration to senior exêcutives
	Shares	Votes	o/o of votes cast	o/o of votes Íepresented
Total represented	18 028 906	18 028 906		100,0000%
Votes cast	18 028 906	18 028 906	1 00,00000/o	100,0000o/o
Voted in favour	18 028 906	18 028 906	1 00,0000o/o	100,0000o/o
Voted against	0	0	o,0oo0o/o	0,0000%
Abstained	0	0		0,0000o/o
Rêsult	Endorsed
Agenda Ítem 10 - Election of board members
	Shares	Votes	o/o of votes cast	o/o of votes represented
'fotal represented	18 028 906	18 028 906		100,00000/o
Votes cast	18 028 906	18 028 906	100,0000o/o	100,0000o/o
Voted in favour	18 028 906	18 028 906	100,0000o/o	100,0000o/o
Voted againsl	0	0	0,0000o/o	0,0000%
Abstained	0	0		0,oo00o/o
Result	Resolved

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