Subsea 7 — AGM Information 2014

Jun 27, 2014

Subsea 7 S.A. 2014 Annual General Meeting and dividend effect on convertible bonds

Subsea 7 S.A. 2014 Annual General Meeting and dividend effect on convertible bonds

Luxembourg - 27 June 2014 - Subsea 7 S.A. (Oslo Børs:

SUBC) (the Company) advises that at

its 2014 Annual General Meeting of shareholders held

on 27 June 2014 all resolutions were approved

by shareholders.

The payment of a dividend of NOK 3.60 per common

share for shareholders of record on 2 July 2014

was approved. The first trading date ex-dividend will

be 30 June 2014 and the date of payment of

dividend will be 10 July 2014. Holders of American

Depositary Receipts will receive the USD

equivalent dividend according to the same timetable

that applies to common shares.

The Company informs holders of its convertible bonds

that, in accordance with their respective

terms and conditions, the new conversion price of the

of the $275 million 3.5% Subsea 7 S.A.

Convertible Bond Issue 2009/2014 will be $15.32 and

the new conversion price of the $700 million

1.00% Subsea 7 S.A. Convertible Bond Issue 2012/2017

will be $28.39.

The minutes of the 2014 Annual General Meeting

detailing the resolutions proposed and the result of

the vote on resolutions are attached hereto. The

minutes may be inspected at any time at the

Registered Office of the Company and are available

for viewing at www.subsea7.com.