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    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CashFlowsFromUsedInOperatingActivities" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash flows from (used in) operating activities [total]</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CashFlowsFromUsedInInvestingActivities" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash flows from (used in) investing activities [total]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CashFlowsFromUsedInFinancingActivities" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash flows from (used in) financing activities [total]</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" />
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    <link:label xlink:type="resource" xlink:label="label_ifrs-full_OperatingExpense" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel">Operating expense [negatedtotal]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_ifrs-full_FinanceIncomeCost" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Finance income (cost) [total]</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" xlink:label="loc_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="label_ifrs-full_IncomeTaxExpenseContinuingOperations" />
    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXK7FS45-2021-12-31.xsd#reachsubsea_ResearchAndDevelopment" xlink:label="loc_reachsubsea_ResearchAndDevelopment" />
    <link:label xlink:type="resource" xlink:label="label_reachsubsea_ResearchAndDevelopment" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Research and development</link:label>
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    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXK7FS45-2021-12-31.xsd#reachsubsea_ProposedDividends" xlink:label="loc_reachsubsea_ProposedDividends" />
    <link:label xlink:type="resource" xlink:label="label_reachsubsea_ProposedDividends" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Proposed dividends </link:label>
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    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXK7FS45-2021-12-31.xsd#reachsubsea_AquiredCashBalanceFromConsolidationOfOctioAsAndMonviroAs" xlink:label="loc_reachsubsea_AquiredCashBalanceFromConsolidationOfOctioAsAndMonviroAs" />
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    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXK7FS45-2021-12-31.xsd#reachsubsea_PurchaseOfSharesInSubsidiary" xlink:label="loc_reachsubsea_PurchaseOfSharesInSubsidiary" />
    <link:label xlink:type="resource" xlink:label="label_reachsubsea_PurchaseOfSharesInSubsidiary" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Purchase of shares in subsidiary </link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_reachsubsea_PurchaseOfSharesInSubsidiary" xlink:to="label_reachsubsea_PurchaseOfSharesInSubsidiary" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_reachsubsea_PurchaseOfSharesInSubsidiary" xlink:to="label_reachsubsea_PurchaseOfSharesInSubsidiary2" />
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    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXK7FS45-2021-12-31.xsd#reachsubsea_ProposedDividendsMember" xlink:label="loc_reachsubsea_ProposedDividendsMember" />
    <link:label xlink:type="resource" xlink:label="label_reachsubsea_ProposedDividendsMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Proposed Dividends Member</link:label>
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    <link:label xlink:type="resource" xlink:label="label_reachsubsea_OperatingIncomeInTotal" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Operating income in total</link:label>
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