Reach Subsea ASA – Major shareholding notification

10 Mar 2025 13:15 CET

Reference is made to the registration of the share capital increase in Reach
Subsea ASA (the “Company”) as announced on 10 March 2025, whereby the Company
issued 44,707,373 new shares.

Following the registration of the share capital increase, Survey Holding AS’
holding of 29,116,897 shares constitutes approximately 8.89% of the total shares
and votes in the Company, crossing below the 10% threshold as a result of
dilution. Survey Holding AS is wholly owned by Norvestor VI, L.P., a fund
managed by Norvestor Investment Management S.à r.l.

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

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