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.