Reach Subsea ASA – Ex. Subsequent Offering today

16 Feb 2023 06:00 CET

Reach Subsea ASA – Ex. Subsequent Offering today

Haugesund, 16 February 2023: Reference is made to the stock exchange
announcement by Reach Subsea ASA ("Reach" or the "Company") on 15 February 2023
relating to a contemplated subsequent offering of up to 3,000,000 new shares
directed towards certain eligible shareholders (the "Subsequent Offering").

The shares in the Company will be traded exclusive the right to participate in
the Subsequent Offering (if resolved) as from today, 16 February 2023.

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 subsea services as a subcontractor and/or directly
to end clients, based out of our head office in Haugesund. The core business of
the Group is based on modern, high spec Work ROVs operated by highly-qualified
offshore personnel, and supported by onshore engineering resources. The Group’s
objective is to be a preferred subsea partner and full-service provider of
subsea operations for clients, focusing on safety, environment, financial
solidity and profitability. www.reachsubsea.no

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