Reach Subsea ASA – Notice of an extraordinary general meeting

16 Feb 2023 14:36 CET

Reach Subsea ASA – Notice of an extraordinary general meeting

Haugesund, 16 February 2023: Reference is made to the stock exchange
announcement by Reach Subsea ASA ("Reach Subsea" or the "Company") on 15
February 2023 regarding completion of a private placement (the "Private
Placement") of new shares in the Company and a potential subsequent offering
(the "Subsequent Offering").

In order to (i) issue the remaining number of shares in the Private Placement,
(ii) authorise the board to issue shares in a potential Subsequent Offering and
(iii) renew the board authorisation to issue shares limited to approx. 10% of
the Company's share capital (as originally given in the annual general meeting
on 30 May 2022), the Company hereby summon to an extraordinary general meeting
(the "EGM") of Reach Subsea ASA which will be held on 10 March 2023 at 10:00 at
Reach Subsea's headquarters at Møllervegen 6, 5525 Haugesund, Norway.

Shareholders are kindly requested to use the opportunity to vote in advance or
give a proxy, as further described in the attached notice of an EGM, which
include notice of attendance - and proxy forms appended to it.

All the documents to be processed at the EGM are available at www.reachsubsea.no


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

More information:
Access the news on Oslo Bors NewsWeb site

582687_EGM notice (v.F)(10983828.3).pdf