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Seaway 7 ASA

Regulatory Filings Jul 26, 2022

3739_rns_2022-07-26_ea1f8051-9007-4d59-91c0-5590fcf315ac.html

Regulatory Filings

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Seaway 7 Awarded Transport and Installation Cables Contract offshore US

Seaway 7 Awarded Transport and Installation Cables Contract offshore US

Oslo – 26 July 2022 – Seaway 7 ASA (Euronext Growth: SEAW7) is pleased to announce that it has been awarded a sizeable(1) contract for the transport and installation of inner-array grid cables on an offshore wind farm project in the US.

The scope includes the transport and installation of around 160 km of 66 kV subsea power cables and respective cable protection systems. Seaway 7 will utilise vessels from its state-of-the-art cable lay fleet. The contract award is subject to client reaching Financial Close by end of 2022.

This is the second US project awarded to Seaway 7, after the Coastal Virginia demonstrator project which was completed in 2020.

(1) “Sizeable” contracts are between $50m and $150m.

-Ends-

Contact for investment community enquiries:

Stuart Fitzgerald

Tel +47 911 89 669

[email protected]

Mark Hodgkinson

Tel +44 7788 316 501

[email protected]

About Seaway 7

Seaway 7 is a global leader in the delivery of fixed offshore wind projects, committed to contributing to an efficient and sustainable energy supply for the future.

Seaway 7 is listed on Oslo’s Euronext Growth (SEAW7).

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