Slide 1: Proven Floating Solar. Now Scaling.
INVESTOR PRESENTATION MAY 2026 PROVEN FLOATING SOLAR. NOW SCALING. OCEAN SUN — FLOATING SOLAR & ENERGY SOLUTIONS Note: The prospectus dated 22 May 2026 constitutes the subscription basis for the offering. This investor presentation is published for information purposes only.
Slide 2: Two complementary value engines
Business model Two complementary value engines Engine 1: Resort EPC — near-term revenue Engine 2: Utility licensing, capital-light upside » Turnkey FPV + storage — technology proven, now » Technology licensing into established utility market delivering direct as EPC » Global FPV market: ~77 GWp by 2
Slide 3: Soneva cut energy costs in half — and eliminated 90% of their diesel
Engine 1 - Proof Soneva cut energy costs in half — and eliminated 90% of their diesel DIESEL - BEFORE: COST NOW 0.25 – 0.50 FPV + BATTERY ~0.15 US$ / kWh US$ / kWh 90% 1-2 MUSD 2-4 Years ~2000 t DIESEL REDUCTION ANNUAL ENERGY PAYBACK TIME CO2 SAVED PER YEAR SAVINGS Certified, carbon credit eligible
Slide 4: Unlocking a market built from identical decisions
Engine 1 - Opportunity Unlocking a market built from identical decision Same diesel problem, standard Upside** Maldives market - 600 MUSD solution Adjacent C&I & Utility » 1 typical resort* -> 4.5 MUSD turnkey » Running on diesel -> Willingness to pay 500 M$ CAPEX Other resorts » 150 island resorts
Slide 5: Positioning us to capture value as a turn-key supplier
Engine 1 – Why We Win Positioning us to capture value as a turn-key supplier Following the Soneva success, Ocean Sun is moving to direct EPC delivery to capture more project value Why customers choose us Strong project economics » Patented FPV - unmatched in the FPV market, » ~4.5 MUSD per project w
Slide 6: ACEN-Silverwolf signs MoU to deploy Ocean Sun FPV at utility scale across Asia
Engine 2 - Proof ACEN-Silverwolf signs MoU to deploy Ocean Sun FPV at utility scale across Asia The Partner – Acen-Silverwolf What it opens » JV of ACEN Renewables (Ayala Group's listed energy » Structured route into Southeast Asia — world's fastest- arm, 7 GW renewable capacity) and Silverwolf Capi
Slide 7: The utility FPV market – a 77 GWp opportunity
Engine 2 - Opportunity The utility FPV market – a 77 GWp opportunity Where we focus » Southeast Asia - world's most active FPV region, driven by hydropower reservoirs, land scarcity and government tenders » India - Established regulation, strong market acceptance, and a rapidly scaling installed bas
Slide 8: Tested model. The infrastructure is already in place.
Engine 2 – Why We Win Tested model. The infrastructure is already in place. 15 4 30 MWp projects in 7 countries Patent portfolios pipeline Why the licensing model works Next-generation platform » Licensing model confirmed in key markets » Targets full tender compliance and cost excellence using stan
Slide 9: Two engines. One capital-light platform.
Economics Two engines. One capital-light platform. Engine 1: Resort EPC Engine 2: Utility licensing 300+ ~$4.5 M 77 GWp $0.03-0.07 Typical FPV license fee range diesel-powered resorts Turn-key CAPEX/resort Global FPV market by 2033 per Wp » If Ocean Sun captures 10 of 150 Maldives resorts = Mid rang
Slide 10: Highly experienced management team
The Team Highly experienced management team From venture, consulting, solar and offshore industries Kristian Tørvold Karl Lawenius Carl Petter Lehne Ole-Jørgen Myrtrøen Are Gløersen CHIEF EXECUTIVE CHIEF FINANCIAL CHIEF OPERATING CHIEF PRODUCT DIRECTOR OFFICER OFFICER OFFICER OFFICER SOUTHEAST ASIA
Slide 11: Capital scales what's already proven
Use of proceeds Capital scales what’s already proven NOK 15 - 20m equity raise at NOK 0.50 per share NOK 9.9m committed by existing investors Use of proceeds Engine 1 » Fund working capital to execute the active Maldives resort pipeline Engine 2 » Activate the utility licensing model, and convert ac