REACH: Reach Subsea Signs 2+1-Year Contract

Haugesund, 22 May 2026 - Reach Subsea ASA has signed a 2 + 1-year contract
covering IMR and Light Construction services offshore at the Black Sea,
following the previously announced Letter of Intent. 

Reach Subsea ASA has entered into the contract with an undisclosed party
(referred to as Charterer here within) that is providing provision of ROV-based
subsea operations, construction support, and field services to a reputable end
client in the region. The agreement establishes a strategic partnership and
collaboration between Reach Subsea ASA and the Charterer. 

The Charterer is an established offshore service provider with a strong regional
presence and experience in supporting energy sector operations. As the local
contracting partner, the Charterer will support efficient execution in
coordination with their end client, and compliance with local regulatory and
operational requirements.

"Our technology and asset base-spanning both conventional and remote operations,
as well as subsea, survey and monitoring services-are highly relevant for this
region, where we see a growing number of opportunities. This contract
strengthens our presence in the Mediterranean and Black Sea region, and we look
forward to working together with the Charterer on the project", said Jostein
Alendal, CEO of Reach Subsea ASA.  

In connection with this, Reach Subsea ASA has finalised the agreement with
Solstad Maritime ASA for the charter of the vessel Normand Jarstein, which will
support the contract operations. The vessel is currently mobilising in the Black
Sea for commencement of the project. 


-ENDS- 
 
 
For more information please contact: 
Arne Joa 
Chief Financial Officer 
Reach Subsea ASA 
investors@reachsubsea.com 
 
About Reach Subsea 
Reach Subsea delivers its services through a versatile fleet of vessels,
including survey, IMR, construction support, and remote vessels. Our teams
operate worldwide, providing inspection, maintenance, construction support,
survey and data services across multiple industries, supporting clients
throughout every stage of their project lifecycles. Our offshore teams are
powered by advanced ROV technology and backed by onshore engineering expertise,
turning complex ocean challenges into reliable solutions. With over 500 skilled
professionals and offices in Norway, Sweden, the UK, the US, Brazil, Trinidad,
Australia, and Singapore, our vision-'Sustainable access to ocean space'-drives
safe, innovative, and sustainable subsea operations. 
 
 
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading
Act. This stock exchange announcement was published by Jorunn Håvardsholm,
Communications and Marketing Director at Reach Subsea AS on the time and date
provided. 
,\
Communications and Marketing Director at Reach Subsea AS on the time and date\
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