Seaway 7 ASA

Regulatory Filings • Jun 16, 2022

Seaway 7 signed Letter of Exclusivity for East Anglia THREE Offshore Wind Farm

Seaway 7 signed Letter of Exclusivity for East Anglia THREE Offshore Wind Farm

Oslo – 16 June 2022 at 08:15 CET – Seaway 7 ASA (Euronext Growth: SEAW7) is pleased to announce that it has signed a Letter of Exclusivity towards finalisation of a Preferred Bidder Supply Chain Agreement, with ScottishPower Renewables for the East Anglia THREE offshore wind project.

East Anglia THREE is located around 70 km offshore the UK in the southern North Sea and forms one of three consented offshore wind farm developments, termed the East Anglia Hub, planned by ScottishPower Renewables. East Anglia THREE will contribute approximately 1,400 MW of a potential 3,000 MW of renewable energy generation capacity at East Anglia Hub.

Seaway 7’s scope of work will include the transport and installation of 95 monopile foundations, associated seabed preparation and scour protection along with the engineering, supply and installation of the inner-array cables. Execution of the scope will be led from Seaway 7’s Aberdeen office.

The project is expected to commence early works in 2022 with offshore work commencing in 2024, subject to East Anglia THREE securing a final investment decision by ScottishPower Renewables.

Once executed, East Anglia THREE will represent a very large (1) contract agreement. The contract will not be recognised in Seaway 7’s backlog until a final investment decision has been secured.

Stuart Fitzgerald, CEO Seaway 7, said: “We are pleased to support ScottishPower Renewables to progress the East Anglia THREE project. Seaway 7 are looking forward to bringing over 10 years of offshore wind experience to one of the world’s largest offshore wind complexes, representing a significant contribution to the UK’s renewable target.”

(1)“Very large” Contracts are between $500m and $750m.

-Ends-

Contact for investment community enquiries:

Stuart Fitzgerald

Tel +47 911 89 669

Mark Hodgkinson

Tel +44 7788 316 501

ir@seaway7.com

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).

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

The stock exchange announcement was published by Stian Lysaker, Treasurer in Seaway 7 ASA, at the date and time as set out above.