REACH SUBSEA ASA - SUBSTANTIAL SHAREHOLDING DISCLOSURE

Reference is made to the stock exchange notice from Reach Subsea ASA ("Reach")
on 17 February 2022 regarding the acquisition by Reach of all shares in iSurvey
Group AS ("iSurvey Group") from iSurvey Holding AS ("iSurvey Holding"), a
company controlled by Norvestor VI, LP, a fund managed by Norvestor Investment
Management S.a.r.l. (the "Transaction").

As consideration for the sale of isurvey Group, iSurvey Holding will upon
completion of the Transaction receive 33,846,153 shares in Reach, equaling 18.93
% of the shares and votes in the company upon completion of the Transaction,
which will be reduced to 15.05 % of the shares and votes in the company upon
completion of the separate NOK 150 million share issue announced by Reach on 17
February 2022.  iSurvey Holding does not hold other shares or rights to shares
in Reach. 

This disclosure is being made pursuant to section 4-2 of the Norwegian
Securities Trading Act.