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OCEANTEAM SHIPPING ASA

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Financial highlights Q1<br />

• EBITDA USD 4.4 million<br />

• Operating revenues USD 12.7 million<br />

• Equity percentage 35%<br />

Q1 2011 Year 2010<br />

• EBITDA / Revenue % Shipping 55% 54%<br />

• EBITDA / Revenue % Engineering 7% 2%<br />

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