Operational figures and contract updatesReach Subsea ASA ("Reach") releases monthly operating figures on or before the 15th day following a month end. Please find attached the company's monthly operating figures forJuly 2021 . Reach has also entered into various contracts and call-offs under frame agreements, and now has approximately 1,550 project days (equivalent to approximately 2,200 ROV days), of which approximately 1,250 project days are for 2021 execution and approximately 300 project days are for 2022 execution. These contracts cover a wide spectrum of project types and are across both oil & gas and renewables projects. Our schedule now indicates good utilisation for the third quarter to build upon for the 2021/22 winter season. Furthermore, Reach has entered into an LOI for mobilisation of one ROV, which was formerly on Topaz Tiamat, on a new subsea vessel towards a two-year firm contract, which would add approximately 750 project days to our schedule. The client and region for this two year contract is currently confidential between the parties. Reach expect the LOI to be converted to a firm contract in the near future. For further information, please contact:Birgitte Wendelbo Johansen (CFO) www.reachsubsea.no
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