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2016-02-01

REM Offshore ASA: REM - NEW CEO

Åge Remøy has informed the Board of Directors that he intends to resign as CEO
of Rem Offshore ASA as from May 1st2016. The Board of Directors has decided
to appoint Arild Myrvoll to succeed Åge Remøy as CEO from this date. Arild
Myrvoll was employed in 2007, and has since held the position as CFO of Rem
Offshore ASA. Arild Myrvoll has also acted as a deputy to the CEO. Rem
Offshore ASA will immediately commence the process of recruiting a new CFO.

Contact information;

Peter D. Knudsen (Chairman of the Board of Directors) +47 91326374

Åge Remøy (CEO), +47 70081164 / +47 90591292

Arild Myrvoll (CFO), +47 70080894 / +47 90014188

Rem Offshore ASA is listed on Oslo Stock Exchange (OAAX) with the ticker REM.
The company's offices are located in Fosnavaag. The fleet currently consists
of 19 vessels, including 1 vessels under construction (2 OCV, 11 PSVs, 6
CSV). REM Offshore operates a new and modern fleet with an average age of ca
4,5 years and the company currently employs about 500 highly qualified
workers. REM Offshore continuously strives to satisfy our customers' demands
through improving our operations in line with "best operating practices" and
with a continuous focus on health, safety, environment and quality.

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

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REM Offshore ASA via Globenewswire

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