DeepOcean Group Holding AS Names Frank Eggink as CFO

DeepOcean Group Appoints CFO for London-based Headquarters

London, UK – February 7, 2012 – DeepOcean Group Holding AS, (“DeepOcean Group” or “the Company”) an integrated provider of subsea engineering and trenching services, today announced the appointment of Frank Eggink as the new Chief Financial Officer.

Frank Eggink has 23 years of global experience in the oil and gas, chemicals, renewable energy and forestry sectors in the Americas, Europe and Asia. Before joining the DeepOcean team in February 2012, Frank served as Vice President for Finance and Planning for Shell Energy in Europe, Russia and Central Asia. Frank has a broad business background with solid finance and strategic leadership and business development skills, and a proven track record of shareholder value generation and delivery. Since 1988, he has held various positions at Royal Dutch Shell – e.g. General Manager of Shell Uruguay, Finance Manager for the North Region of Shell Oil Products Latin America in Miami and Global Project Manager for the Downstream Sarbanes Oxley Compliance Program at Shell’s London-office, just to mention a few.

In several of his positions, Frank has led business transformation programs implementing business model change, enabling improved capital and cost efficiency, volume and profitability growth. Frank holds a business economics degree from the Erasmus University in the Netherlands.

Photo of: Frank Eggink

About Deep Ocean Group

DeepOcean Group is an integrated provider of comprehensive subsea engineering solutions and has a demonstrated track-record in highly-engineered, complex subsea construction projects for the oil & gas, offshore wind and telecommunication industries. The company has a capable fleet of subsea vessels, ROVs, and trenching assets. DeepOcean Group strives to be among the safest subsea operators in the industry and its relentless commitment to safety for its employees without sacrificing quality service for its customers, distinguishes the company from its peers. The company is a leading IMR contractor and trenching operator in Norway and the North Sea, with an unparalleled track record in engineering and project management, and has a global presence with offices in Norway, UK, the Netherlands, Brazil, Mexico and Singapore.