Operational figures and contract updates 

Reach 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 for July 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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