Reach Subsea

Capital/Financing Update • Jul 3, 2025

Reach Subsea ASA: Successful placement of senior unsecured bond issue

Reach Subsea ASA: Successful placement of senior unsecured bond issue

Haugesund, 3 July 2025:

Reach Subsea ASA (the “Company”) has today successfully completed a new 3-year senior unsecured floating rate bond issue of NOK 500 million. The bond will carry a coupon of 3m NIBOR + 7.25%. The net proceeds from the bond issue will be used towards newbuilding investments and general corporate purposes. Settlement is expected on 17 July 2025 and an application will be made to list the bonds on the Oslo Stock Exchange.

Arctic Securities and DNB Carnegie acted as Joint Bookrunners in the transaction.

For more information please contact:

Birgitte Wendelbo Johansen

Chief Financial Officer

Reach Subsea ASA

bwj@reachsubsea.no

About Reach Subsea

Our services are delivered through a fleet of vessels, supported by offices in Norway, Sweden, the UK, the US, Brazil, Trinidad, Australia, and Singapore. We currently employ close to 500 people across both offshore and onshore locations. The company operates a wide range of work and survey ROVs from its fleet of vessels, ranging from smaller survey, IMR, to light construction vessels. Operations are performed by highly qualified offshore personnel and supported by competent onshore engineering resources. The Group’s objective is to offer high quality solutions and technology to clients in need of ocean data and services. Our vision,'Sustainable access to ocean space,' underpins our commitment to developing sustainable solutions while carefully balancing the interests of all our stakeholder groups.