Reach Subsea — M&A Activity 2014

Mar 21, 2014

NEW CONTRACT

NEW CONTRACT

Reach Subsea has signed a larger contract with an

international company for the vessel Dina Star.

The contract starts in June and has a duration of 4-6

months. The offshore operations will take place

primarily in the High North areas. Dina Star has ice

class 1B and De-Ice and will under this contract

serve as a multipurpose vessel (MPSV).

The firm period of the contract has a value of

approx. USD 10 million. It is an important

contribution to the increase of the company's

backlog and supports the growth ambitions and

business plan.

For further information, please contact:

Birgitte Wendelbo Johansen, CFO: +47 99 45 12 79