01 June 2011

OCEANTEAM SHIPPING ASA - Mandatory notification of trade

 Mr Torbjørn Skulstad, CFO in Oceanteam Shipping ASA, have today 01.06.2011 purchased 280.000 shares at the price NOK 0,6892 per share.

As a primary insider, this notification is according to § 4-3 vphl (Norwegian Securities Trading Act)

Mr Torbjørn Skulstad will after this transaction own 280.200 shares in Oceanteam Shipping ASA.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

 For more information: www.oceanteam.no