Reach Subsea — AGM Information 2016

May 30, 2016

ANNUAL GENERAL MEETING

ANNUAL GENERAL MEETING

The annual general meeting in Reach Subsea ASA

(«Reach») resolved on 30 May 2016 to adopt the annual

report and accounts for Reach for 2015 as proposed by

the Board of directors. Further, the general meeting

resolved to adopt the private placement towards

Normand Drift AS, West Supply II Operation AS, certain

existing shareholders and certain board members and

key employees of Reach. Further , the general meeting

resolved to adopt the issuance of warrants to Solstad

Offshore ASA. The private placement and the issuance

of warrants were fully subscribed in the minutes from

the general meeting.

See attachment on www.newsweb.no for the complete

minutes of the annual general meeting (in Norwegian

only).

For additional information, please contact: Birgitte

W. Johansen (CFO): 47 99 45 12 79.

This information is subject of the disclosure

requirements pursuant to section 5-12 of the Norwegian

Securities Trading Act.