Subsea 7 - AGM Information 2022 | FinancialReports.eu

Subsea 7 S.A. 2022 AGM and EGM

Luxembourg - 12 April 2022 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today

announced that at the 2022 Annual General Meeting (AGM) of shareholders on 12

April 2022 all resolutions were approved.

In addition, at the subsequent Extraordinary General Meeting (EGM) of

shareholders on the same day, the proposed amendments to the Company's articles

of incorporation were all approved, including amendments in relation to the

dematerialisation of the Company's shares following the implementation of the

Norwegian Central Securities Depository Act, implementing the EU's Central

Securities Depositories Regulation.

At the AGM, the payment of a dividend of NOK 1.00 per common share was approved.

The last day the shares will be traded including the right to receive a dividend

will be 27 April 2022. The first trading date ex-dividend will be 28 April 2022

and holders of common shares and ADRs on record at the close of business on 29

April 2022 will be entitled to the dividend. The date of payment of the dividend

will be 6 May 2022 for holders of common shares and ADRs.

As permitted under the Luxembourg law dated 23 September 2020 on measures

concerning the holding of meetings in companies and other legal entities, as

amended, both meetings took place without any physical presence.

The minutes of both the AGM and EGM which detail the resolutions passed and the

result of the votes cast in relation to each resolution, the 2022 Subsea 7 S.A.

Long Term Incentive Plan, and the changes to the Company's articles of

association are attached. The minutes can also be found on the Company's website

www.subsea7.com (http://www.subsea7.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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