Subsea 7 — AGM Information 2017

Mar 2, 2017

Subsea 7 S.A. correction to dividend, AGM and EGM notification

Subsea 7 S.A. correction to dividend, AGM and EGM notification

Luxembourg - 2 March 2017 - Subsea 7 S.A. (Oslo Børs: SUBC,

ADR: SUBCY, the Company) today announced that in light of

Subsea 7's excellent operating performance and resulting

strong financial and liquidity position, the Board of

Directors will recommend to the shareholders at the Annual

General Meeting (the "AGM") that a special dividend of NOK

5.00 per share be paid, equivalent to a total dividend of

approximately USD 200 million.

The AGM is scheduled to take place at 15:00 (local time) on

12 April 2017 at the Company's registered office, 412F,

route d'Esch, L-2086 Luxembourg.

An Extraordinary General Meeting (the "EGM") will also take

place at the Company's registered office immediately after

the AGM on 12 April 2017 in order to consider proposed

amendments to the Company's articles of incorporation

following recent changes to Luxembourg company law.

The proposed agenda and the notice to convene the AGM and

EGM will be published and distributed to eligible

shareholders on 15 March 2017.

The holders of common shares and American Depositary

Receipts ("ADRs") on record at the close of business on 8

March 2017 will be entitled to vote. The deadline for

submission of votes for holders of ADRs is 5 April 2017 and

for holders of common shares is 7 April 2017.

If the AGM approves the proposed payment of a special

dividend of NOK 5.00 per share, the last day the shares will

be traded including the right to receive a dividend will be

18 April 2017 and holders of common shares and ADRs on

record at the close of business on 20 April 2017 will be

entitled to the dividend. The first trading date ex-dividend

will be 19 April 2017. The date of payment of the dividend

will be 26 April 2017.

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Subsea 7 S.A. is a leading global contractor in seabed-to-

surface engineering, construction and services to the

offshore energy industry. We provide technical solutions to

enable the delivery of complex projects in all water depths

and challenging environments.

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Contact for investment community enquiries:

Isabel Green

Investor Relations Director

Tel +44 (0)20 8210 5568

isabel.green@subsea7.com

www.subsea7.com