Reference is made to the stock exchange notice
regarding a capital increase in connection with a
directed share issue in Reach Subsea ASA, made both as
a conversion of debt and as a cash contribution.
The share capital increase was registered in the
Norwegian Register of Business Enterprises
(Foretaksregisteret) on 28.06.2016. The new shares
issued in the private placement have been transferred
to the VPS accounts of the subscribers in the private
placement, and will be tradeable on the Oslo Stock
Exchange from and including 29th June 2016. The
Company's share capital after registration is NOK
91.241.065, divided into 91.241.065 shares, each with
a nominal value of NOK 1.
A new certificate of registration and articles of
association have been sent Oslo Stock Exchange.
For additional information, please contact: Birgitte
W. Johansen (CFO): 47 99 45 12 79.
This information is subject of the disclosure
requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act.