Oslo - 26 July 2022 - Seaway 7 ASA (Euronext Growth: SEAW7) is pleased to
announce that it has been awarded a sizeable(1) contract for the transport and
installation of inner-array grid cables on an offshore wind farm project in the
US.

The scope includes the transport and installation of around 160 km of 66 kV
subsea power cables and respective cable protection systems. Seaway 7 will
utilise vessels from its state-of-the-art cable lay fleet. The contract award is
subject to client reaching Financial Close by end of 2022.

This is the second US project awarded to Seaway 7, after the Coastal Virginia
demonstrator project which was completed in 2020.

(1) "Sizeable" contracts are between $50m and $150m. 
 
-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).