Contract extension for subsea vessel Seven Viking

Eidesvik Seven Chartering AS, a joint venture company between Subsea7 and
Eidesvik Offshore ASA (“Eidesvik”), has entered into an agreement with Subsea7
to extend the contract for the subsea vessel Seven Viking. Subsea7 declares the
remaining option for 2026 and 2027 is added as a firm year in addition to an
option for 2028. The 2027 and 2028 rates are based on current market terms.

“We are very pleased to see this new contract for Seven Viking and look forward
to continuing our long and strong collaboration with Subsea7”, says Helga
Cotgrove, CEO of Eidesvik.

Bømlo, 10 April 2025

Contacts:
CEO Helga Cotgrove (+ 47 907 35 246)
CFO Lars Tufteland Engelsen (+ 47 476 34 045)

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.