Subsea 7 - Capital/Financing Update 2016

Subsea 7 S.A. repurchase of convertible bonds

Luxembourg - 11 November 2016 - Subsea 7 S.A. (Oslo

Børs: SUBC, ADR: SUBCY) (the Company) announced that,

through market purchases on 10 November 2016, it has

bought bonds totalling USD 30.4 million in nominal

value at an average price of 98.85 of the USD 700

million 1.00% Subsea 7 S.A. Convertible Bond Issue

2012/2017 (ISIN NO 001 066 116 8).

Following the purchase, the Company holds bonds with

an aggregate nominal value of USD 264.4 million

representing approximately 37.8% of the 1.00% Subsea 7

S.A. Convertible Bond Issue 2012/2017 (ISIN NO 001 066

116 8).

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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.

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Contact for investment community enquiries:

Isabel Green

Investor Relations Director

Tel +44 (0)20 8210 5568

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