Registration of share capital increase

25 Mar 2026 12:34 CET

General Oceans – Registration of share capital increase

Oslo, 25 March 2026: Reference is made to the announcement by General Oceans ASA
(the "Company", ticker "GENO") on 24 March 2026 regarding the successful
bookbuilding of its initial public offering, as well as the resolution by the
Company's board of directors to increase the share capital by NOK 809,523.782.

The share capital increase has now been registered with the Norwegian Register
of Business Enterprises. Following the registration, the Company's share capital
is NOK 6,536,340.404 divided on 192,245,306 shares, each with a nominal value of
NOK 0.034.

The share capital increase was resolved pursuant to an authorisation granted by
the Company's annual general meeting held on 27 February 2026.

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

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About General Oceans

General Oceans is a global provider of advanced underwater technology delivering
sensors, systems and robotic solutions used in demanding marine environments.
The Group produces technology for measuring and understanding the ocean, imaging
& navigation systems, and autonomous/remotely operated vehicles with associated
manipulators and control systems. Underwater acoustics is the core of the
Group's technology, complemented by optical technology, environmental sensors
and software capabilities.

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669270_General Oceans Registration of share capital increase.pdf