Reach Subsea

Earnings Release • Jun 4, 2024

Reach Subsea Strengthens Order Backlog with New Contracts

Reach Subsea Strengthens Order Backlog with New Contracts

Haugesund, 04 June 2024: Reach Subsea ASA continues to increase its order backlog after securing multiple new contracts, contract extensions and call-offs within the scope of our existing contracts and frame agreements.

Reach Subsea has recently secured contracts with an estimated total value of 500 million NOK for 2024 and 2025.

“We are capitalizing on strong market demand and are pleased to report the continued strengthening of our order backlog. It also serves as a positive market indication that our project schedule in the ocean sector extends throughout 2025, offering greater long-term visibility.” says Jostein Alendal, CEO of Reach Subsea

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For more information please contact:

Birgitte Wendelbo Johansen

Chief Financial Officer

Reach Subsea ASA

bwj@reachsubsea.no

About Reach Subsea:

Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad Brazil and Australia. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Jorunn Håvardsholm, Group Communication and Marketing Director at Reach Subsea, at the time and date provided.