Reference is made to the stock exchange announcements made on 30 September 2021
and 1 October 2021, regarding the resolution to increase the share capital of
Seaway 7 ASA (ex OHT ASA) (the "Company") with NOK 31,432,505.40 through
issuance of 314,325,054 new shares in a private placement directed against
Subsea 7 Blue Space Limited. 

The share capital increase related to the issuance of these shares has now been
registered with the Norwegian Register of Business Enterprises (Nw.
Foretaksregisteret). Following such registration, the new share capital of the
Company is NOK 43,656,257.50 divided into 436,562,575 shares, each with a
nominal value of NOK 0.10.

Please also note that as from opening of trading hours tomorrow on 5 October
2021, the Company will be traded with updated company information as follows at
the Euronext Growth: 

Company name: Seaway 7 ASA
Company ticker: SEAW7  
Shares outstanding: 436,562,575

For further information, please contact:

Mark Hodgkinson, Chief Financial Officer
Tel: +44 (0) 7788 316 501
E-mail: ir@oht.no