Haugesund, 10 December 2024: 
Reference is made to the stock exchange notice on 9 December 2021 published by
Reach Subsea ASA ("the Company", "Reach"), regarding the Company's share
incentive program. The window for exercising vested options expiring in 2024
ended on 09 December 2024 at 10:00 CET.

Based on the applications received, the Board of Directors of the Company has
allocated a total of 1,015,000 new shares to the participants in the incentive
program. The Subscription price for the shares was NOK 2.28 per share. 

The Board of Directors has, on the basis of an authorisation granted to it by
the Annual General Meeting held on 31 May 2024, resolved to increase the share
capital of the Company by NOK 1,015,000, through issuance of 1,015,000 new
shares, each with a nominal value of NOK 1. 

The following Company primary insiders have purchased shares under the share
incentive program: 
o Jostein Alendal, CEO: 150,000 shares 
o Bård Høgheim, CCO: 127,500 shares
o Inge Grutle, COO: 75,000 shares
o Birgitte Johansen, CFO: 150,000 shares
o Audun Brandtzaeg, CTO: 150,000 shares 

Following payment of the new shares by the employees in the incentive program
and registration of the share capital increase with the Norwegian Register of
Business Enterprises (Nw. Foretaksregisteret), the new share capital of the
Company will, subject to all new shares being duly paid for, be NOK 272,784,245
divided into 272,784,245 shares, each with a nominal value of NOK 1. 

After these exercises, the share incentive program from 9 December 2021 has no
further options outstanding. 

For the sake of good order: Reference is made to the stock exchange notice of
30.08.2024 published by Reach Subsea ASA, regarding a new long-term incentive
program for senior executives and key personnel. This incentive program
encompasses up to 15,000,000 new share options.



Contact information: 
Birgitte Wendelbo Johansen 
Chief Financial Officer 
Reach Subsea ASA 
bwj@reachsubsea.com 

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, Australia
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 

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements according
to section 5-12 of the Norwegian Securities Trading Act. The information was
submitted for publication by CFO Birgitte Wendelbo Johansen, on behalf of the
Company at the date and time set out above.