Mandatory notification of trade

Reach Subsea ASA - Mandatory notifications of trade and disclosure
of shareholding

Oslo, 29 June 2017
North Energy has through its subsidiary Accello Partners I AS
"Accello" purchased 91,665 shares in Reach Subsea ASA at a price of
NOK 1.8981 per share. The total number of shares owned by Accello
after the transaction is 40,331,563 , which equals 28.16 % ownership
in Reach Subsea ASA.

www.reachsubsea.no