Reach Subsea Strengthens Order Backlog with New Contracts

04 Jun 2024 11:11 CEST

Haugesund, 04 June 2024: Reach Subsea ASA continues to increase its order
backlog after securing multiple new contracts, contract extensions and call-offs
within the scope of our existing contracts and frame agreements.

Reach Subsea has recently secured contracts with an estimated total value of 500
million NOK for 2024 and 2025.

“We are capitalizing on strong market demand and are pleased to report the
continued strengthening of our order backlog. It also serves as a positive
market indication that our project schedule in the ocean sector extends
throughout 2025, offering greater long-term visibility.” says Jostein Alendal,
CEO of Reach Subsea


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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 of the Norwegian Securities Trading
Act. This stock exchange announcement was published by Jorunn Håvardsholm, Group
Communication and Marketing Director at Reach Subsea, at the time and date
provided.

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