CONTRACTS FOR EDDA FONN

Reach Subsea has, as a result of good Joint Venture
cooperation with MMT Sweden AB, signed contracts for
approximately 60 days for Edda Fonn in the North
Sea. The work scope is primarily seabed mapping,
light construction and seabed intervention. Further,
Stril Explorer is expected to have high utilisation
the same period.

Commencement will be directly upon arrival from the
Mediterranean, where the vessel recently completed a
five months contract.

The commercial terms are confidential between the
parties.