Reach Subsea ASA – New share capital registered

03 Apr 2023 23:04 CEST

Reach Subsea ASA – New share capital registered

Haugesund, 3 April 2023: Reference is made to the stock exchange notice
published by Reach Subsea ASA ("Reach" or the "Company") (Oslo Børs: REACH) on
28 March 2023 regarding the completion of a subsequent offering (the "Subsequent
Offering") of new shares in the Company.

The Subsequent Offering consists of 312,635 new shares in the Company. The new
shares resolved issued by the Company's Board of Directors on 28 March 2023
pursuant to a board authorization granted by the extraordinary general meeting
in the Company on 10 March 2023, have now been registered with the Norwegian
Register of Business Enterprises. The new share capital of the Company is NOK
255,449,563.00 divided into the equivalent number of shares, each with a nominal
value of NOK 1.
The information was submitted for publication by CFO Birgitte Wendelbo Johansen,
on behalf of the Company at the date and time set out above.

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 and Brazil. 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.

www.reachsubsea.no

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