Subsea 7 — AGM Information 2014

Oct 9, 2014

Subsea 7 S.A. Extraordinary General Meeting

Subsea 7 S.A. Extraordinary General Meeting

Luxembourg - 9 October 2014 - Subsea 7 S.A. (Oslo

Børs: SUBC; the Company) announced today that an

Extraordinary General Meeting of Shareholders (the

Meeting) will be held on 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.

Full details of the proposed agenda of the Meeting

and the amendments to the Company's Articles of

Incorporation together with the Notice of Meeting

will be published and distributed to eligible

shareholders on 17 October 2014.

Holders of Common Shares and American Depositary

Receipts of record at the close of business on 13

October 2014 will be entitled to vote at the Meeting.

The deadline for submission of votes for holders of

American Depositary Shares is 19 November 2014 and

for holders of Common Shares is 20 November 2014.