REACH SUBSEA ASA - SUBSTANTIAL SHAREHOLDING DISLOSURE: iSURVEY HOLDING AS AND
NORVESTOR VI, LP 
Reference is made to the shareholding disclosure made by iSurvey Holding AS (the
"Company") on 17 February 2022 in connection with the acquisition by Reach
Subsea ASA ("Reach") of all shares in iSurvey Group AS, whereby the Company
received consideration shares in Reach (the "Reach Shares") currently
representing 15.05% of the total shares and voting rights of Reach. 
Given that the Company holds no material assets beyond the Reach Shares, it is
contemplated that the Company shall be dissolved and ultimately liquidated,
whereby the Reach Shares will be distributed to the Company's shareholders for
each of them to hold the Reach Shares directly. The liquidation was resolved on
10 October 2022 and is expected to be completed by 31 December 2022. 
Following the liquidation, the Company will hold no shares, rights to shares nor
any other financial instruments related to shares in Reach.
Further, and following the liquidation of the Company, Norvestor VI, LP - a fund
managed by Norvestor Investment Management S.a.r.l - will hold, directly or
indirectly through a wholly owned affiliate, shares and votes, but no rights to
shares nor any other financial instruments related to shares, in Reach,
representing in excess of 10% of the total shares and voting rights in the
company. The exact number of shares and votes in Reach that Norvestor VI, LP
will receive will depend on the final outcome of the liquidation process. 
This disclosure is being made pursuant to section 4-2 of the Norwegian
Securities Trading Act.