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Regulatory press release

REACH: Key information relating to proposed cash dividend

Reach Subsea
Key information relating to proposed cash dividend

Reference is made to the stock exchange announcement from Reach Subsea ASA sent
today with notice for the Annual General Meeting 31 May 2023. The Board of
Directors of Reach Subsea ASA has decided to propose a cash dividend of NOK 0.18
per share for the financial year 2022.

Key information relating to cash dividend to be paid by Reach Subsea ASA:

Dividend amount: 0.18 per share
Declared currency: NOK
Date of approval: 31 May 2023
Last day including right: 31 May 2023
Ex-date: 1 June 2023
Record date: 2 June 2023
Payment date: on or about 8 June 2023

For more information please contact:
Birgitte Wendelbo Johansen
Chief Financial Officer Reach Subsea ASA
bwj@reachsubsea.no

About Reach 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 across
Norway, US, UK, Cyprus, Singapore, Trinidad and Brazil. 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.

www.reachsubsea.no

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act. This stock exchange announcement
was published by Birgitte Wendelbo Johansen, Chief Financial Officer at Reach
Subsea ASA on the time and date provided.
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