Ocean Sun AS - Notice of Extraordinary General Meeting and Proposed Changes to the Board of Directors

Ocean Sun AS (the "Company" or "Ocean Sun") has today called for an
extraordinary general meeting ("EGM") to be held on 30 October 2026 at 10:00
CET.

The EGM has been convened primarily to consider changes to the composition of
the Board of Directors and related matters. The Board proposes that Carl-Erik
Gurrik is elected as new Chairperson of the Board and that Øystein Kvarme is
elected as a new member of the Board. At the same time, current Chairperson May
Kristin Lein Salberg and Board members Trond Moengen and Tron Engebrethsen will
step down from the Board.

Following completion of the proposed changes, the Board is expected to consist
of:
-	Carl-Erik Gurrik (Chairperson)
-	Kristin Åbyholm
-	Øystein Kvarme

The proposed Board reflects Ocean Sun's continued focus on commercialization,
project execution and strategic development in selected growth markets. The
Company believes the combined experience of the proposed directors within
industrial leadership, renewable energy, maritime industries, project execution,
corporate finance and international business development will support Ocean
Sun's next phase of development.

Carl-Erik Gurrik brings extensive executive experience from the maritime and
renewable energy sectors, including leadership positions at Nordmar Shipping,
Innovation Norway, Eneti Inc. and Fred. Olsen-related companies. His background
includes large-scale industrial projects, EPC contracting, procurement and
international business development.

Øystein Kvarme is a Senior Advisor at Capcora GmbH, and brings significant
experience from the renewable energy industry and energy investments. He has
worked with renewable energy transactions and strategic advisory assignments
across Europe and has held senior leadership and investment roles within the
sector.

The Board would like to thank May Kristin Lein Salberg, Trond Moengen and Tron
Engebrethsen for their valuable contributions to Ocean Sun.

Extraordinary General Meeting

The extraordinary general meeting will be held electronically via Microsoft
Teams on 30 October 2026 at 10:00 CET.

The notice of the EGM, including attendance and proxy forms, is attached to this
announcement and is also available on the Company's website at 
oceansun.no/investors/#reports. 

The deadline for notice of attendance and proxy registration is 28 October 2026
at 23:59 CET. Shareholders holding shares through nominees must notify their
nominee within the applicable deadline to participate in the meeting.

Disclosure regulation: 

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act. 

For more information, please contact: 
Kristian Tørvold, CEO of Ocean Sun, +47 97088847 
Karl Lawenius, CFO of Ocean Sun, +47 45633881 

About Ocean Sun: 

By combining Norwegian maritime expertise and knowledge within photovoltaics,
Ocean Sun as developed an innovation that offers a bold solution to our global
energy needs. The patented technology is based on solar modules mounted on
hydro-elastic membranes and offers cost and performance benefits not seen in any
other floating PV system today. With offices in Oslo, Singapore and Shanghai,
Ocean Sun is embarking on its vision to be the world's leading technology
provider of floating solar.
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