Seaway 7 ASA — M&A Activity 2023

Mar 23, 2023

Seaway 7 ASA: Mandatory notification of trade

Seaway 7 ASA: Mandatory notification of trade

Subsea 7 S.A. ("Subsea7") has today informed Seaway 7 ASA ("Seaway7") that Subsea7 has received acceptances for 1,673,791 shares in Seaway7 under the voluntary offer to acquire all outstanding shares in Seaway7 announced on 13 March 2023.

Subsea7 is a close associate of Kristian Siem, Chairman of the Board of Directors of Subsea7 and primary insider in Seaway7.

Please see the attached notification for further information.

This information is subject to the disclosure requirements in article 19 of Regulation (EU) No 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.