Subsea 7 - AGM Information 2021 | FinancialReports.eu

Subsea 7 S.A. - completion of Seaway 7 ASA transaction

Luxembourg - 1 October 2021 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today

announced that the combination of its offshore fixed wind business with OHT ASA

(Oslo Børs: OHT) has been completed on 1 October 2021. Subsequent to the

combination, OHT ASA will be re-named Seaway 7 ASA.

Subsea 7 Blue Space Limited, a wholly-owned indirect subsidiary of Subsea 7

S.A., holds 72% of Seaway 7 ASA shares and Subsea 7 S.A. will fully consolidate

Seaway 7 ASA in its financial statements from 1 October 2021.

Further details have been announced by Seaway 7 ASA and can be found on

www.seaway7.com.

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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 Børs (SUBC), ISIN LU0075646355, LEI

222100AIF0CBCY80AH62.

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Contact for investment community enquiries:

Katherine Tonks

Investor Relations Director

Tel +44 (0)20 8210 5568

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