Investor Presentaiton

IMPORTANT INFORMATION (1/2) Ocean Sun IMPORTANT INFORMATION. THIS DOCUMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OF AMERICA, ITS TERRITORIES OR POSSESSIONS, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR TO ANY RESIDENT THEREOF, OR ANY JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL. THIS DOCUMENT IS NOT AN OFFER OR AN INVITATION TO BUY OR SELL SECURITIES. By receiving this investor presentation (the (the "Investor Presentation") or attending any meeting or oral presentation held in relation thereto, you agree to be bound by the following terms, conditions and limitations: This Investor Presentation has been prepared by Ocean Sun AS (the "Company") solely for information purposes in connection with a presentation to potential investors held in respect of a private placement (the "Private Placement") of shares (the "Shares") in the Company, as further discussed herein and as described in a term sheet (the "Term Sheet") and an agreement, dated as of the date hereof, governing applications to participate in the Private Placement (the "Application Agreement", and taken together with the Investor Presentation and the Term Sheet, the "Private Placement Materials"). In this Investor Presentation, references to the "Company", the "Issuer", "we", "our", "us", or similar terms refer to Ocean Sun AS, except where context otherwise requires. This Investor Presentation is strictly confidential and may not be reproduced or redistributed in whole or in part to any person. No representation or warranty, express or implied, as to the accuracy or completeness of any information included herein is given by the Company, and nothing contained in this Investor Presentation is or can be relied upon as a promise or representation by the Company, who disclaim all and any liability. This Investor Presentation is furnished by the Company, and it is expressly noted that no representation or warranty, express or implied, as to the accuracy or completeness of any information included herein is given by Fearnley Securities AS as managers (the "Managers"). The contents of this Investor Presentation are not to be construed as financial, legal, business, investment, tax or other professional advice. Each recipient should consult with its own professional advisors for any such matter and advice. By reviewing this Investor Presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the businesses of the Company. This Investor Presentation must be read in conjunction with the recent financial reports of the Company and the disclosures therein. An investment in the Company should be considered as a high-risk investment. Certain risk factors relating to the Company and the Private Placement, which the Company deems most significant as at the date of this Investor Presentation, is included under the caption "Risk Factors" in this Investor Presentation." This Investor Presentation is current as of 12 October 2020. Neither the delivery of this Investor Presentation nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. This Investor Presentation contains several forward-looking statements relating to the business, future financial performance and results of the Company and/or the industry in which it operates. In particular, this Investor Presentation contains forward- looking statements such as with respect to the Company's potential future costs, capex and cash flows, the potential future demand and market for the Company's services, the Company's equity and debt financing requirements and its ability to obtain financing in a timely manner and at favourable terms. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements contained in this Investor Presentation, including assumptions, opinions and views of the Company or cited from third party sources, are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The Company assumes no obligation to update any forward looking statements or to conform these forward looking statements to our actual results. Furthermore, information about past performance given in this Investor Presentation is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. No representation or warranty (express or implied) is made as to, and no reliance should be placed on, any information, including projections, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and, accordingly, neither the Company nor any of its parent or subsidiary undertakings or any such person's officers or employees accepts any liability whatsoever arising directly or indirectly from the use of this document. Actual performance and/or results may differ, and those differences can be material 2

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