Reach Subsea: Fleet update

21 Oct 2025 08:00 CEST

Haugesund, 21 October 2025: Reach Subsea has exercised the first one-year option
for the subsea vessel Olympic Triton, extending the charter through February
2027.

The vessel has been on charter since February 2023 under a firm three-year
agreement with two optional one-year extensions. This option secures continued
access to a proven asset supporting our offshore operations.

Reach Subsea has also been informed by Eidesvik Offshore of a delay in the
delivery of the vessel Viking Vigor, now expected in Q3 2026.

Olympic Triton is a modern, multifunctional subsea vessel equipped with a
150-tonne crane, generous accommodation capacity, and a large deck area. It is
well-suited to meet the demands of Reach Subsea’s clients across both the
renewable energy and oil & gas sectors.

Viking Vigor is a next-generation IMR/Survey vessel with a 150-tonne crane,
featuring low-emission technology, a smart lifting arrangement, and a
state-of-the-art equipment package. It is currently under construction at Sefine
Shipyard in Turkey and will be managed by Eidesvik Offshore.



-ENDS-


For more information please contact:
Arne Joa
Chief Financial Officer
Reach Subsea ASA
investors@reachsubsea.com

About Reach Subsea
Reach Subsea delivers its services through a versatile fleet of vessels,
including survey, IMR, construction support, and remote vessels. Our teams
operate worldwide, providing inspection, maintenance, construction support,
survey and data services across multiple industries, supporting clients
throughout every stage of their project lifecycles. Our offshore teams are
powered by advanced ROV technology and backed by onshore engineering expertise,
turning complex ocean challenges into reliable solutions. With over 500 skilled
professionals and offices in Norway, Sweden, the UK, the US, Brazil, Trinidad,
Australia, and Singapore, our vision—'Sustainable access to ocean space’—drives
safe, innovative, and sustainable subsea operations.


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

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