23/03-2018 14:54:12: (REACH) REACH - STOCK OPTION SCHEME- MANADATORY NOTIFICATION OF TRADE
REACH - STOCK OPTION SCHEME- MANADATORY NOTIFICATION OF TRADE

As previously announced, the Board of directors of Reach Subsea ASA has approved
a stock option scheme to further align the interests of the participating
employees in Reach Subsea with those of the shareholders. The stock option
scheme has now been finalised with a signed agreement between the company and
Management and certain key employees.

Management and certain key employees of the Reach Subsea-group have been granted
the right to acquire up to a certain maximum number of shares in the Company at
a fixed strike price ("the Option"). The strike price is divided into two
levels, equal to the subscription price in the two last private placements
conducted by the Company (May 2016 NOK 2.00 and January 2017 1.75). The options
can be exercised over a period of three years.

The options are non-tradable and conditional upon the participant being employed
by the Reach Subsea-group at the vesting date. The stock option plan is expected
to constitute a maximum of 3.886.875 options equivalent to a similar number of
Reach Subsea ASA shares.

The following primary insiders of the Company have been granted options under
the stock option scheme. The total number of shares and options held by the
primary insiders and their respective close associates following the option
grant is included in brackets.

Jostein Alendal, CEO, 225.000 options with a strike price of NOK 2,00 and
225.000 options with a strike price of NOK 1,75 (5.579.539 shares, 450.000
options).

Birgitte Wendelbo Johansen, CFO, 180.000 options with a strike price of NOK 2,00
and 180.000 options with a strike price of NOK 1,75 (139.150 shares, 360.000
options).

Inge Grutle, COO, 180.000 options with a strike price of NOK 2,00 and 180.000
options with a strike price of NOK 1,75 (909.179 shares, 360.000 options).

Bård Thuen Høgheim, CCO, 180.000 options with a strike price of NOK 2,00 and
180.000 options with a strike price of NOK 1,75 (270.625 shares, 360.000
options).

Åge Nilsen jr, Finance Manager, 25.000 options with a strike price of NOK 2,00
and 25.000 options with a strike price of NOK 1,75 (1.938.725 shares, 50.000
options).

For further information, please contact:
Birgitte Wendelbo Johansen, Chief Financial Officer