Oslo - 07 June 2022 at 15:45 CET - Seaway 7 ASA (Euronext Growth: SEAW7) has
today announced that it has been selected by Seagreen 1A Limited as a preferred
supplier for the Seagreen 1A offshore wind project, offshore Scotland.  Seagreen
1A is adjacent to the existing Seagreen project that Seaway 7 is currently
progressing and represents approximately 500MW of additional renewable energy
generation capacity.

Seaway 7's scope of work is under final negotiation and may include the full
engineering, fabrication, transport and installation of 36 foundations,
transportation and installation of the offshore substation and the procurement
and installation of inner-array cables. Execution of the scope will be led from
Seaway 7's Aberdeen office.
 
The project is expected to commence in 2023 with offshore work commencing in
late 2024 and could be operational by 2025/26.

The timeframe and Seaway 7's selection are subject to the Seagreen 1A project
reaching FID. The value related to this very large (1) agreement will not be
recognised in Seaway 7's backlog until final contractual terms have been agreed.

Stuart Fitzgerald, CEO Seaway 7, said: "We are delighted to be continuing our
successful relationship with SSE Renewables and TotalEnergies to progress the
Seagreen 1A project. The project will continue to be managed from our office in
Aberdeen where we are bringing over a decade of UK offshore wind expertise to
Scotland's largest offshore wind project."

(1) "Very large" agreements are between $500m and $750m.

-Ends-


Contact for investment community enquiries:

Stuart Fitzgerald
Tel +47 911 89 669
Stuart.Fitzgerald@seaway7.com

Mark Hodgkinson
Tel +44 7788 316 501
Mark.Hodgkinson@seaway7.com

About Seaway 7
Seaway 7 is a global leader in the delivery of fixed offshore wind projects,
committed to contributing to an efficient and sustainable energy supply for the
future.  

Seaway 7 is listed on Oslo's Euronext Growth (SEAW7).

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This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. 

The stock exchange announcement was published by Stian Lysaker, Treasurer in
Seaway 7 ASA, at the date and time as set out above.
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