Reach Subsea

Regulatory Filings • Jan 19, 2024

Reach Subsea - Expanding orderbook with several contract awards

Reach Subsea - Expanding orderbook with several contract awards

Haugesund, 19 January 2024: Reach Subsea ASA offering high quality solutions and technology to clients in need of ocean data and services, continues to increase order backlog after securing multiple new contracts, contract extensions and Call-offs within the scope of our existing frame agreements in the North Sea and the Americas region.

Reach Subsea has secured contracts with an estimated total value of above NOK 570 million. The majority of these contracts are starting in Q1 and covers all parts of our fleet and services.

“We are pleased to report success in securing work across various markets and regions. The growing demand for our subsea services across all sectors is evident from our recent contracts. It is a positive indication that our busy schedule for subsea projects extends into Q1, providing a strong start to this year.” said Jostein Alendal, CEO of Reach Subsea.

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 the Norwegian Securities Trading

Act. This stock exchange announcement was published by Jorunn Håvardsholm,

Marketing and Communications Manager at Reach Subsea ASA on the time and date

provided.