NOTICE OF ANNUAL GENERAL MEETING
The board of directors of DeepOcean ASA hereby convenes to the Annual General Meeting at the
offices of DeepOcean ASA in Stoltenberggaten 1, Haugesund, on Friday 12 May 2006 at 2 p.m.
Recording of shareholders present will take place from 1.30 p.m.
Matters to be transacted:
Opening of the meeting by the Chairman of the Board, and recording of shareholders present.
Appointment of Chairman of the meeting, and person to co-sign the minutes together with the
Approval of notice of meeting and agenda.
Approval of the annual accounts for 2005 for the company and the Group and the annual
report. The Board of Directors will propose that no dividend shall be paid for 2005.
Approval of Board of Directors remuneration.
Approval of remuneration to the members of the Election Committee.
Approval of auditor’s fees.
Election of Board of Directors
Election of members to the Election Committee.
Authorisation to the Board of Directors to purchase own shares.
Authorisation to the Board of Directors to increase share capital.
Reduction of the share premium reserve.
After the Annual General Meeting the chief executive officer will hold a presentation of the operations
of the Company.
Haugesund, 28 April 2006
Chairman of the Board
Shareholders who wish to participate at the Annual General Meeting shall give notice to the Company
with the attention of Kari Frøiland on the enclosed form by 10. May 2006 at 2 p.m. Shareholders who
wish to appear by proxy may use the enclosed form.
Appendix to the notice of the Annual General Meeting of DeepOcean ASA 12 May 2006
Reasons for and proposals to decisions at the Annual General Meeting.
Approval of Board of Directors remuneration
The Election committee proposes the following annual fees to the Board members for 2005:
From 1 January to 8 August:
NOK 246 000 to the chairman and NOK 80 000 to the board members.
From 8 Augus