Reach Subsea ASA: Successful placement of senior unsecured bond issue

Haugesund, 3 July 2025:

Reach Subsea ASA (the "Company") has today successfully completed a new 3-yearsenior unsecured floating rate bond issue of NOK 500 million. The bond willcarry a coupon of 3m NIBOR + 7.25%. The net proceeds from the bond issue willbeused towards newbuilding investments and general corporate purposes.Settlementis expected on 17 July 2025 and an application will be made to list the bondsonthe Oslo Stock Exchange.Arctic Securities and DNB Carnegie acted as Joint Bookrunners in thetransaction.

For more information please contact:Birgitte Wendelbo JohansenChief Financial OfficerReach Subsea ASAbwj@reachsubsea.no

About Reach SubseaOur services are delivered through a fleet of vessels, supported by offices inNorway, Sweden, the UK, the US, Brazil, Trinidad, Australia, and Singapore. Wecurrently employ close to 500 people across both offshore and onshorelocations.The company operates a wide range of work and survey ROVs from its fleet ofvessels, ranging from smaller survey, IMR, to light construction vessels.Operations are performed by highly qualified offshore personnel and supportedbycompetent onshore engineering resources. The Group's objective is to offerhighquality solutions and technology to clients in need of ocean data andservices.Our vision,'Sustainable access to ocean space,' underpins our commitment todeveloping sustainable solutions while carefully balancing the interests ofallour stakeholder groups.

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