Mr. Mordechai Gorfung of Tedea reports

TEDEA TECHNOLOGICAL DEVELOPMENT AND AUTOMATION LTD. ANNOUNCES GRANTING OF AN OPTION TO ACQUIRE COMMON SHARES OF OCEANSIX FUTURE PATHS LTD., AND INTENTION TO FILE EARLY WARNING REPORT

Tedea Technological Development and Automation Ltd. has provided to RAM.ON GmbH (formerly RAM.ON finance GmbH) an option to purchase from the company 6,193,740 ordinary shares of Oceansix Future Paths Ltd., which may be increased by an additional amount of up to 2,531,573 Oceansix shares for an aggregate total of 8,725,313 Oceansix shares, in exchange for RAM.ON assuming certain funding obligations that the company has to Oceansix, pursuant to an option agreement entered into between the company and RAM.ON. Pursuant to the option agreement, the option shares can be purchased from the company at a price of 6.5 cents per share for a period of 24 months from the date hereof. The company has agreed to place the option shares into escrow with a third party to ensure the option can be dully exercised in accordance with its terms.

As of the date hereof, the company beneficially owns, or exercises control or direction over 29,879,500 Oceansix shares (and (i) vested warrants entitling the company to acquire an additional 2,296,886 Oceansix shares and (ii) unvested warrant entitling the company to acquire an additional 2,756,264 Oceansix shares), or 19.11 per cent (or (i) 20.27 per cent upon the exercise of all of its vested warrants or (ii) 21.16 per cent upon the exercise of all its vested and unvested warrants) of the 156,387,006 issued and outstanding Oceansix shares. If RAM.ON were to exercise the entirety of the option (including the additional option shares), the company would beneficially own, or exercise control or direction over 21,154,187 Oceansix shares (and vested warrants entitling the company to acquire an additional 2,296,886 Oceansix shares and unvested warrants entitling the company to acquire an additional 2,756,264 Oceansix shares, unchanged by the exercise of the option), or approximately 13.52 per cent (or (i)14.78 per cent upon the exercise of all of its vested warrants or (ii) 16.23 per cent upon the exercise of all of its vested and unvested warrants) of the issued and outstanding Oceansix shares.

For the purposes of National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, the company is considered a joint actor with RAM.ON and Sullam Holdings L.R. Ltd. (the joint actors), in that they are each considered to be acting jointly and in concert with one another in respect of their security ownership of Oceansix.

As of the date hereof, the joint actors beneficially own, or exercise control or direction over 91,386,037 Oceansix shares (representing approximately 58.43 per cent of the issued and outstanding Oceansix shares on a non-diluted basis), and 226,197,300 Oceansix shares (representing 72.75 per cent of the issued and outstanding Oceansix shares on a fully diluted basis) as a result of the joint actors as a group holding warrants to acquire 10,106,300 Oceansix shares as well as possible earnout obligations from Oceansix to the company based on certain milestones. There are no changes in the aggregate securityholdings in Oceansix of the joint actors as a result of the entering into of the option, or any exercise thereof.

The company may, depending on various factors including, without limitation, market and other conditions, increase or decrease its beneficial ownership, control or direction over its Oceansix shares or other securities of Oceansix, through market transactions, private agreements, treasury issuances, exercises of convertible securities or otherwise.

This news release is being issued in accordance with National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. The company will file an early warning report in connection with the above noted matters on SEDAR+ under Oceansix's issuer profile. To obtain a copy of the early warning report once filed, please contact Elad Hameiri, chief executive officer of the issuer, at 34-673-435-571 or elad@Oceansix.com, or refer to SEDAR+ under the issuer profile of Oceansix.