Subsea 7 — AGM Information 2020

Feb 26, 2020

Subsea 7 S.A. announcement of Annual General Meeting

Subsea 7 S.A. announcement of Annual General Meeting

Luxembourg - 26 February 2020 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY)

today announced that the Annual General Meeting (the "AGM") is scheduled to take

place at 15:00 (local time) on 7 April 2020 at the Company's registered office,

412F, route d'Esch, L-2086 Luxembourg.

The proposed agenda and the notice to convene the AGM will be published and

distributed to eligible shareholders on 17 March 2020. The Board of Directors

will not recommend a dividend to the shareholders.

The holders of common shares and American Depositary Receipts ("ADRs") on record

at the close of business on 4 March 2020 will be entitled to vote. The deadline

for submission of votes for holders of ADRs is 26 March 2020 and for holders of

common shares is 2 April 2020.

*******************************************************************************

Subsea 7 is a global leader in the delivery of offshore projects and services

for the evolving energy industry, creating sustainable value by being the

industry's partner and employer of choice in delivering the efficient offshore

solutions the world needs.

Subsea 7 is listed on the Oslo Bors (SUBC), ISIN LU0075646355, LEI

222100AIF0CBCY80AH62.

*******************************************************************************

Contact for investment community enquiries:

Katherine Tonks

Investor Relations Director

Tel +44 20 8210 5568

Katherine.Tonks@subsea7.com

www.subsea7.com

Forward-Looking Statements: Certain statements made in this announcement may

include 'forward-looking statements'. These statements may be identified by the

use of words like 'anticipate', 'believe', 'could', 'estimate', 'expect',

'forecast', 'intend', 'may', 'might', 'plan', 'predict', 'project', 'scheduled',

'seek', 'should', 'will', and similar expressions. The forward-looking

statements reflect our current views and are subject to risks, uncertainties and

assumptions. The principal risks and uncertainties which could impact the Group

and the factors which could affect the actual results are described but not

limited to those in the 'Risk Management' section in the Group's Annual Report

and Consolidated Financial Statements 2018. These factors, and others which are

discussed in our public announcements, are among those that may cause actual and

future results and trends to differ materially from our forward-looking

statements: actions by regulatory authorities or other third parties; our

ability to recover costs on significant projects; the general economic

conditions and competition in the markets and businesses in which we operate;

our relationship with significant clients; the outcome of legal and

administrative proceedings or governmental enquiries; uncertainties inherent in

operating internationally; the timely delivery of vessels on order; the impact

of laws and regulations; and operating hazards, including spills and

environmental damage. Many of these factors are beyond our ability to control or

predict. Other unknown or unpredictable factors could also have material adverse

effects on our future results. Given these factors, you should not place undue

reliance on the forward-looking statements.