Subsea 7 — Board/Management Information 2019

Sep 10, 2019

Subsea 7 announces CEO succession

Subsea 7 announces CEO succession

Luxembourg - 10 September 2019 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY)(the

Company) today announced that Jean Cahuzac will retire from his position as CEO

at the end of this year, and will be succeeded from 1 January 2020 by John

Evans, who is currently COO.

Jean Cahuzac has been in the industry for 41 years and CEO for Subsea 7 since

2008, having previously worked for Transocean and Schlumberger. Following his

retirement as CEO, Jean will continue as a Non-Executive Director of the

Company.

John Evans has been COO of Subsea 7 since he joined the Company in 2005 and has

over 30 years' experience in the Offshore Energy Services industry. John

previously worked for KBR in a number of general management, commercial and

operational roles.

Kristian Siem, Chairman said 'The Board would like to thank Jean for his

leadership over many years and the valuable contribution that he has made to the

Company. We are fortunate that John Evans, who has a deep understanding of the

business and a wealth of experience, will succeed Jean as CEO and the Board

looks forward to working directly with him.

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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 Bors (SUBC), ISIN LU0075646355, LEI

222100AIF0CBCY80AH62.

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Contact for investment community 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 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.