Haugesund, 31.08.2023: Reach Subsea ASA has extended an option with Havila
Shipping for the vessel Havila Subsea, for a fixed period of 1 year.  

The existing contract for Havila Subsea lasts until 31.12.23 and includes an
option for 1 year, which has now been exercised. Following the exercise, the
Havila Subsea is chartered until 31.12.2024. The commercial terms of the charter
agreement are confidential between the parties.  
 
"We are in the middle of the busiest period in our history, our order backlog is
strong, and the tender volume is at all-time high. With the extension of the
Havila Subsea contract we further strengthen our fleet capacity for continued
long-term growth," said Jostein Alendal, CEO of Reach Subsea, and continues:  

"We are delighted to sustain our fruitful partnership with Havila Shipping. This
collaboration has been affirmed through the successful operations of the Havila
Subsea spread for many years." 
 
 
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 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. 
 
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,
Marketing and Communications Manager at Reach Subsea ASA on the time and date
provided.