REACH SUBSEA ASA – SUBSTANTIAL SHAREHOLDING DISLOSURE: iSURVEY HOLDING AS AND NORVESTOR VI, LP

08 Dec 2022 08:13 CET

Reference is made to the shareholding disclosure made by iSurvey Holding AS (the
“Company”) and Norvestor VI, LP, a fund managed by Norvestor Investment
Management S.a.r.l, (“Norvestor”) on 18 October 2022 regarding distributions of
shares in Reach Subsea ASA ("Reach”) in connection with the contemplated
liquidation of the Company. As this liquidation will now complete, Norvestor
through its wholly owned subsidiary Survey Holding AS will hold 29 116 897
shares in in Reach, currently representing 12.95% of the shares and votes in the
company. Norvestor does not, directly or indirectly, hold any other shares,
rights to shares or other financial instrument related to shares in Reach. The
liquidation is expected to complete on or about 12 December 2022. Prior to the
liquidation of the Company, neither Norvestor nor Survey Holding AS owned any
shares, rights to shares or other financial instruments related to shares in
Reach.

Following the liquidation, the Company will hold no shares, rights to shares nor
any other financial instruments related to shares in Reach.

This disclosure is being made pursuant to section 4-2 of the Norwegian
Securities Trading Act.

07.12.2022

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