Oceanteam ASA

Oceanteam  ASA  has  reached   agreement  to  sell  Oceanteam   ASA's
shareholding in
Oceanteam Subsea Services Ltd.  to EXS Subsea  AS in Bergen,  Norway,
for an undisclosed amount. The sales transactions have been completed
27 November  2009.  Oceanteam Subsea  Services  Ltd will  be  renamed
Specialist Subsea  Services Ltd.  and will  continue to  develop  its
activities in  the subsea  services market  with the  support of  EXS
Subsea AS.
 
For more information:   www.oceanteam.no
 
For further information about Oceanteam please contact:
CEO     Haico Halbesma           +31.6.51409987  haico@oceanteam.nl
CFO         Ruud     van      der     Steeg           +31.6.23457194
ruud.vandersteeg@oceanteam.nl
 
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