Subsea 7

Subsea 7 S.A. - 2025 AGM and EGM

Luxembourg - 8 May 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, the

Company) today announced that, at the 2025 annual general meeting of

shareholders (AGM) on 8 May 2025, all resolutions were approved, including the

payment of a dividend of NOK 13.00 per common share, to be paid in two equal

instalments.

In addition, at the subsequent extraordinary general meeting of shareholders

(EGM) on the same day, both proposed resolutions, which related to (i) to the

authority of the Board of Directors to repurchase and, as the case may be, to

subsequently cancel Company shares and reduce the issued share capital

accordingly and (ii) the renewal of authorisation for the Board of Directors to

issue new shares and to limit or suppress preferential subscription rights, for

up to 10% of the issued share capital, were approved.

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 and the changes to the

Company's articles of association are attached hereto. The minutes can also be

found on the Company's website.

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Subsea7 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.

Subsea7 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 20 8210 5568

This information is subject to the disclosure requirements of the Norwegian

Securities Trading Act.

This stock exchange release was published by Katherine Tonks, Investor

Relations, Subsea7, on 8 May 2025 at 17:15 CET.

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