OPPDATERING VEDRØRENDE RETTET EMISJON

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR
INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.



Det vises til børsmelding 3. mai 2013 vedrørende den
planlagte rettede emisjonen av nye aksjer i Reach
Subsea ASA ("Reach Subsea" eller "Selskapet") med
brutto emisjonsproveny på NOK 50-100 millioner
(den "Rettede Emisjonen").



Basert på bestillinger mottatt fra investorer, har
Selskapet besluttet å avslutte bestillingsperioden i
den Rettede Emisjonen i dag kl 16:00.



Pareto Securities AS, Swedbank First Securities og SR-
Bank Markets er tilretteleggere for den Rettede
Emisjonen.



For ytterligere informasjon, vennligst kontakt:



Kåre Johannes Lie, Managing Director

Tel: +47 93 03 83 14



Birgitte Wendelbo Johansen, Chief Financial Officer

Tel: +47 99 45 12 79



IMPORTANT NOTICE:

This announcement is not and does not form a part of
any offer for sale of securities.

Copies of this announcement are not being made and
may not be distributed or sent into the United
States, Australia, Canada, Japan or any other
jurisdiction in which such distribution would be
unlawful or would require registration or other
measures.

The securities referred to in this announcement have
not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in
the United States absent registration or an exemption
from the registration requirements of the Securities
Act and in accordance with applicable U.S. state
securities laws. The Company does not intend to
register any part of the offering in the United
States or to conduct a public offering of securities
in the United States. Any offering of the securities
referred to in this announcement will be made by
means of a prospectus.

This announcement is not a prospectus for the
purposes of Directive 2003/71/EC (together with any
applicable implementing measures in any Member State,
the "Prospectus Directive"). Investors should not
subscribe for any securities referred to in this
announcement except on the basis of information
contained in the aforementioned prospectus. In any
EEA Member State other than Norway that has
implemented the Prospectus Directive, this
communication is only addressed to and is only
directed at qualified investors in that Member State
within the meaning of the Prospectus Directive, i.e.,
only to investors who can receive the offer without
an approved prospectus in such EEA Member State.

This communication is only being distributed to and
is only directed at persons in the United Kingdom
that are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005, as amended
(the "Order") or (ii) high net worth entities, and
other persons to whom this announcement may lawfully
be communicated, falling within Article 49(2)(a) to
(d) of the Order (all such persons together being
referred to as "relevant persons"). This
communication must not be acted on or relied on by
persons who are not relevant persons. Any investment
or investment activity to which this communication
relates is available only to relevant persons and
will be engaged in only with relevant persons.
Persons distributing this communication must satisfy
themselves that it is lawful to do so.

The information, opinions and forward-looking
statements contained in this announcement speak only
as at its date, and are subject to change without
notice.