Haugesund,16 November 2023 : Reference is made to the stock exchange announcement published byReach Subsea ASA (the "Company") on6 October 2023 regarding an agreement to acquire 100 percent of the shares of the Australian marine survey companyGuardian Geomatics Pty Ltd. (the "Transaction"). Reference is further made to the stock exchange announcement published by the Company on15 November 2023 regarding a resolution to increase the share capital through the issuance of 15,469,682 new shares (the "Consideration Shares") to the selling shareholders in the Transaction. The share capital increase pertaining to the issuance of the Consideration Shares has now been registered with theNorwegian Register ofBusiness Enterprises . The Company's new share capital isNOK 270,919,245 divided into 270,919,245 shares, each with a par value ofNOK 1 . For more information please contact: Birgitte Wendelbo Johansen Chief Financial OfficerReach Subsea ASA bwj@reachsubsea.no AboutReach Subsea :Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located acrossNorway , US,UK ,Cyprus ,Singapore ,Trinidad andBrazil . The Group's objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision "Sustainable access to ocean space" underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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