REACH SUBSEA ASA – Notification of trade by close associate of primary insider

The Board of Directors of North Energy ASA decided on 4th of September 2026 the dissolution of the fully owned subsidiary North Industries 1 AS. In relation to the dissolution a total number of 50,832,449 shares in Reach Subsea ASA owned by the subsidiary has been transferred from the subsidiary to North Energy ASA at a price of NOK 6.66 per share, total NOK 338,544,110.

North Energy ASA and North Industries 1 AS are close associates of primary insider Rachid Bendriss (chairman of the Board in Reach Subsea ASA).

As a consequence of the restructuring and the transfer, North Energy ASA now holds 50,832,449 shares in Reach Subsea, representing 15.53% of the shares in the company. However, at North Energy’s group level there is no change in the ownership of Reach Subsea ASA.

Instrument details: Reach Subsea ASA LEI: 5967007LIEEXZXK7FS45 ISIN: NO0003117202

For more information, please contact: Arne Joa Chief Financial Officer Reach Subsea ASA investors@reachsubsea.com

This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.