Seaway 7 ASA

Regulatory Filings • Nov 12, 2021

SEAWAY 7 ASA: AWARDED THE THIRD PHASE OF THE DOGGER BANK DEVELOPMENT

SEAWAY 7 ASA: AWARDED THE THIRD PHASE OF THE DOGGER BANK DEVELOPMENT

Oslo – 12 November 2021 at 08:00 CET – Seaway 7 ASA (Euronext Growth: SEAW7) is pleased to announce that it has been awarded a sizeable(1) contract by Dogger Bank Wind Farm for the transport and installation of monopile foundations and transition pieces on the third phase of the Dogger Bank Offshore Wind Farm, Dogger Bank C. The company will utilise their specialist Heavy Lift Vessel Alfa Lift, and offshore installation will commence in 2024 following the installation of the Dogger Bank A and B phases. The contract award is subject to Dogger Bank C reaching Financial Close by the end of 2021.

Stuart Fitzgerald, Chief Executive Officer of Seaway 7 said: “We are pleased to have been awarded the work to install foundations on all three phases of the world’s largest offshore wind farm. We look forward to executing the work with quality and safety at the forefront and to working closely with our customer to deliver on the project objectives.”

Steve Wilson, Project Director for Dogger Bank said: “It’s great to be able to confirm that Seaway 7 has been awarded this contract. The Alfa Lift is one of the most innovative heavy transportation and installation vessels on the market and we are very pleased to have them working with us across all three phases as we deliver this ground-breaking project.”

The 3.6GW Dogger Bank Wind Farm, which is to be built more than 130km off the Yorkshire coast in the North Sea, is currently being developed in three 1.2GW phases: Dogger Bank A, B and C.

Dogger Bank A and B is a joint venture between SSE Renewables (40%), Equinor (40%) and Eni (20%). In November 2021 SSE Renewables and Equinor, 50:50 joint venture partners in Dogger Bank C, announced Eni will take a 20% stake in the final phase, with SSE Renewables and Equinor maintaining 40% stakes each, in a deal that is expected to complete in Q1 2022 (subject to Dogger Bank C Financial Close and regulatory approvals.)

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

-Ends-

Contact for investment community enquiries:

Stuart Fitzgerald

Tel +47 911 89 669

Stuart.Fitzgerald@seaway7.com

Mark Hodgkinson

Tel +44 7788 316 501

Mark.Hodgkinson@seaway7.com

About Seaway 7

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

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

About the Dogger Bank Wind Farm

The project is located over 130 km off England’s north-east coast. Due to its size and scale, the site is being built in three consecutive phases: Dogger Bank A, Dogger Bank B and Dogger Bank C. Each phase will have an installed capacity of 1.2 GW and is expected to generate around 6 TWh of electricity each annually. In total the Dogger Bank Wind Farm can provide approximately 5% of the UK’s estimated electricity generation.

About SSE Renewables

SSE Renewables is a leading developer and operator of renewable energy across the UK and Ireland, with a portfolio of around 4GW of onshore wind, offshore wind and hydro. SSE Renewables’ strategy is to drive the transition to a net zero future – through the world class development, construction and operation of renewable energy assets.

******************************************************************

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.

******************************************************************