Seaway 7 ASA — M&A Activity 2023

Mar 21, 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 1,280,424 shares in Seaway7 under the voluntary offer to acquire all outstanding shares in Seaway7 announced on 13 March 2023 (the "Offer"), including acceptances from Lunde3 Holding AS.

Lunde3 Holding AS has today informed Seaway7 that it has accepted the Offer for all of its 694,744 shares in Seaway7.

Subsea7 is a close associate of Kristian Siem, chairman of the board of directors of Subsea7 and primary insider in Seaway7. Lunde3 Holding AS is a close associate of Rune Magnus Lundetræ, the chairman of the board of directors of Seaway7 and primary insider in Seaway7.

Please see the attached notifications 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.