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Regulatory press release

SCANA: Scana company signs important mooring contract

Scana
Bergen 5 April: Scana-owned Seasystems has signed a contract for the delivery of
anchoring system to an FSO-project outside West Africa.

This is sizeable (1) contract for Scana, valued close to NOK 50 million. The
delivery consists of mooring equipment such as dual axis chain stoppers and
chain handling systems. For Seasystems, the project starts at once and will be
delivered the first quarter of 2024.

Mooring solutions is Seasystems' focus area. Over the last 10 years the company
has delivered an impressive number of major mooring systems to customers within
the traditional oil and gas market, as well as growing markets like the LNG
industry, aquaculture, and floating offshore wind.

"Seasystems has worked systematically to develop hardy and cost-effective
mooring solutions, and we now see good results from this work," Torkjell
Lisland, MD at Seasystems, states.

"Through this award, Seasystems reaffirms its leading position in the mooring
segment," says interim CEO in Scana, Oddbjørn Haukøy. "We are very pleased that
our unique advanced technologies and equipment specifications are highly
appreciated by key industry players," he continues.

(1) A sizeable contract is defined to be between NOK 10 million and NOK 50
million.
(2) A substantial contract is over NOK 50 million.

For more information, please contact:
Torkjell Lisland, Managing Director, Seasystems AS, +47 46 91 80 44
Oddbjørn Haukøy, CEO, Scana ASA, +47 911 71 914

Seasystems in brief
Seasystems delivers robust and reliable mooring solutions to floating
structures, including project management, engineering, fabrication, and
installation. Seasystems is owned by the stock listed company Scana ASA, an
industrial company for leading companies within the ocean industries.
www.seasystems.no

Scana in brief
Scana is a listed industrial owner company in the ocean industries creating
value through active ownership in market-leading portfolio companies. Our vision
is to accelerate decarbonisation of the maritime and offshore sector by being a
driving force in electrification and emission reduction solutions. Scana's
portfolio companies have a solid innovation and commercialisation history based
on core competence in selected niches. Scana is headquartered in Bergen and has
around 350 employees. www.scana.no
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