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Regulatory press release

SCANA: Scana company awarded additional contracts outside the Ivory Coast

Scana
Bergen 28.June 2023: Scana-owned Seasystems has been awarded two contracts to an
FPSO-project outside the Ivory Coast, on the southern coast of West Africa.

The first contract is regarding upgrade and refurbishment of a mooring system
supplied by Seasystems in 2008, and the second contract is for gimbals used for
transfer of fluids between two floating units.

In total the contracts are sizeable(1)for Scana. For Seasystems, the projects
start at once and will be delivered from the second quarter of 2024.

"Back in April Seasystems was awarded the contract to deliver a mooring system
for the same project. These two additional contracts reaffirm our leading
position in the mooring segment. Seasystems has worked systematically to develop
hardy and cost-effective mooring solutions, and we now see good results from
this work," Torkjell Lisland, Managing Director at Seasystems, states.

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.

(1) A sizeable contract is defined to be between NOK 20 million and NOK 50
million.
(2) A substantial contract is defined to be between NOK 50 million and NOK 150
million.
(3) A large contract is over NOK 150 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 400 employees. www.scana.no
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