Haugesund, 03 June 2024: Reach Subsea ASA has entered an agreement with Havila
Shipping ASA to extend the firm charter period for the IMR, survey and
construction vessel Havila Subsea with 3 years until 31.12.2027. The contract
includes additional options for 1 + 1 years.

"In a rising market, maintaining strong operational control over core assets is
crucial. We are witnessing ongoing positive market trends, with our order book
and tender volume consistently increasing year by year, in line with our
expanding capacity. A key component of our strategy is maintaining strong
partnerships with shipowners known for their high-quality, safe, and
cost-efficient performance. Our collaboration with Havila Shipping ASA since
2017 has been exceptionally positive, and we look forward to continuing this
successful relationship in the years to come," said Jostein Alendal, CEO of
Reach Subsea. 

The agreement is made between two parties who know each other very well after
many years of collaboration. Njål Sævik, CEO of Havila Shipping, says he looks
forward to continuing the good cooperation.

"I see this contract as a great recognition for Havila Shipping, Havila Subsea,
and not least the crew on board for their efforts in keeping the ship in top
class and ensuring that we deliver high-quality services every single day."

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