Subsea 7 — AGM Information 2014

Oct 17, 2014

Subsea 7 S.A. Notice of Extraordinary General Meeting of Shareholders

Subsea 7 S.A. Notice of Extraordinary General Meeting of Shareholders

Luxembourg - 17 October 2014 - Subsea 7 S.A. (Oslo

Børs: SUBC) (the Company) today published and

distributed to eligible holders of Common Shares and

American Depositary Receipts the Notice of Meeting

and supporting materials for the Extraordinary

General Meeting of Shareholders (the Meeting) to be

held on Thursday 27 November 2014 at 15:00 (local

time) at the Company's registered office, 412F, route

d'Esch, L-2086 Luxembourg.

The purpose of the Meeting is to consider and approve

the cancellation of shares currently held in

treasury, the extension of authority to repurchase

and subsequently cancel Company shares, and certain

changes in respect of the Company's authorised share

capital. The main purpose of the proposed amendments

is to increase the Company's flexibility with respect

to share repurchases and to eliminate the need to

call an extraordinary general meeting of shareholders

in order to cancel repurchased shares in the future.

The Notice of the Meeting and supporting materials,

including the full text of the proposed new Articles

of Incorporation can be found on the Company's

website: http://www.subsea7.com/en/investor-

relations/general-meetings/subsea-7-sa.html

Holders of Common Shares and American Depositary

Receipts of record at the close of business on Monday

13 October 2014 will be entitled to vote at the

meeting. The deadline for submission of votes for

holders of American Depositary Receipts is Wednesday

19 November 2014 and for holders of Common Shares is

Thursday 20 November 2014.