Reach Subsea – Expanding orderbook with several contract awards

Haugesund, 19 January 2024: Reach Subsea ASA offering high quality solutions and
technology to clients in need of ocean data and services, continues to increase
order backlog after securing multiple new contracts, contract extensions and
Call-offs within the scope of our existing frame agreements in the North Sea and
the Americas region.

Reach Subsea has secured contracts with an estimated total value of above NOK
570 million. The majority of these contracts are starting in Q1 and covers all
parts of our fleet and services.

We are pleased to report success in securing work across various markets and
regions. The growing demand for our subsea services across all sectors is
evident from our recent contracts. It is a positive indication that our busy
schedule for subsea projects extends into Q1, providing a strong start to this

Jostein Alendal, CEO Reach Subsea

For more information please contact:
Birgitte Wendelbo Johansen
Chief Financial Officer
Reach Subsea ASA

About Reach Subsea
Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad Brazil and Australia. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Jorunn Håvardsholm, Marketing and Communications Manager at Reach Subsea ASA on the time and date provided.