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Regulatory press release

OTS: Oceanteam secures cable transport and extends storage contract

Oceanteam
Further to the increased focus on cable handling and logistics, Oceanteam will
assist a Chinese client to transport subsea cables from China to The
Netherlands. The project will commence in Q1 2022 and the scope of work
comprises shipping as well as spooling of cables.

The two year extension of the storage contract follows a successful period of
storage of a 100+ kilometer subsea cable at the Oceanteam facility in Velsen,
the Netherlands, for one of the worlds leading cable manufacturers. The
contract has been extended until Q4 2023.


About Oceanteam

Oceanteam is an independent offshore cable-solutions provider. With a large
asset-base of carousels, loading towers, tensioners and other ancillary
equipment as well as a large team of competent cable handling crew, the company
supports the marine cable industry with a variety of services such as short- and
long-haul cable transport, cable storage, cable logistics and cable handling
solutions on a global basis. Oceanteam's deepwater base in Velsen, the
Netherlands, is a strategically placed cable-hub where the company conducts
mobilisation and demobilisation activities, provides long- and short-term cable
storage capacity and facilitates the offshore renewables sector with integrated
cable handling solutions. Oceanteam is Lloyd's ISO certified.

For further information about Oceanteam ASA please visit www.oceanteam.no or
contact:


Hans Reinigert
CEO
Oceanteam ASA
Telephone: +31 20 535 75 70
E-mail: hans@oceanteam.nl
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