Subsea 7 — Board/Management Information 2017

Dec 18, 2017

Subsea 7 Executive Management Team

Luxembourg - 18 December 2017 - Subsea 7 S.A. (the Company) (Oslo Børs: SUBC, ADR: SUBCY) today announced a change to its Executive Management Team, which will take effect on 1 January 2018.

Øyvind Mikaelsen has decided to step down from his role as Executive Vice President Commercial and will be leaving Subsea 7 in the second quarter of 2018.

Mr Mikaelsen will be succeeded on 1 January 2018 by Stuart Fitzgerald who will be appointed as Executive Vice President – Strategy and Commercial and will be a member of the Executive Management Team. Stuart, who is currently the Vice President for Strategy and Technology, will assume the responsibility for the commercial activities of the SURF and Conventional Business Unit as well as Asset Development, Sales and Marketing, Strategy and Technology, and the Alliances.

Jean Cahuzac, CEO said 'I would like to thank Øyvind for the invaluable contribution that he has made to the Company over the past 25 years and wish him every success for the future. We are very pleased to welcome Stuart to the Executive Management Team and look forward to his continued contribution to the future of Subsea 7.'

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

Contact for enquiries: Isabel Green Investor Relations Director Tel +44 (0)20 8210 5568 isabel.green@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 2016. 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 forwardlooking statements.