Haugesund, 30 March 2026 - Reach Subsea has been awarded two new call-offs under
its frame agreement with Equinor, covering both gas reservoir monitoring and
subsea inspection, maintenance and repair (IMR) services on the Norwegian
Continental Shelf. Both contracts will be executed using the uncrewed surface
vessel Reach Remote 1 (RR1).

The first call-off supports gas reservoir monitoring at the Troll field and
includes options for additional survey scopes. The campaign will deploy Reach
Subsea's proprietary gWatch technology, which is widely used across major
Norwegian gas fields and has proven to be a strong operational match for Reach
Remote through successful delivery of similar projects for both Norwegian and
international clients.

The second call-off is an IMR contract covering detailed inspection of a large
number of subsea assets across multiple offshore locations. The scope will be
executed using Reach Subsea's ROV deployed from Reach Remote 1, combined with
the company's purpose-built tooling designed specifically for remote and
uncrewed operations.

Including these two new awards, Equinor has now awarded a total of three
contracts utilising Reach Remote 1. The contracts will be executed consecutively
and are expected to occupy most of the vessel spread's capacity during the
second and third quarters of 2026.

Over recent months, Reach Subsea has executed a series of offshore operations
using Reach Remote 1, including work within offshore safety zone and the
deployment of multiple tools from an unmanned vessel. The contracts announced
today follow a period of increasing operational activity with Reach Remote 1.

Planning and preparation for both campaigns will commence immediately, with the
majority of offshore operations scheduled for execution in Q2 and Q3 2026.

"These awards further strengthen our collaboration with Equinor and confirm
Reach Remote as a robust and flexible platform for both reservoir monitoring and
IMR operations. The integration of Reach Remote with our proprietary gWatch
technology, as well as ROV-based inspection and tooling, demonstrates how
uncrewed solutions can deliver high-quality data and services while reducing
operational complexity and emissions," said Jostein Alendal, CEO of Reach
Subsea.

The contracts support continued utilisation of the Reach Remote platform and
represent further progress in Reach Subsea's long-term strategy within remote
and autonomous subsea operations. 

-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.