Subsea 7 - Capital/Financing Update 2017

Subsea 7 S.A. final maturity of convertible bonds

Luxembourg - 5 October 2017 - Subsea 7 S.A. (Oslo Børs:

SUBC, ADR: SUBCY, the Company) announced that its USD 700

million 1.0% Convertible Bond Issue 2012/2017 with ISIN

Number 001 066 116 8 (the "Bonds") reached final maturity

today.

The Company has cancelled Bonds with an aggregate nominal

value of USD 342 million. These Bonds were held by the

Company as a result of previous Bond repurchases. The

remaining outstanding Bonds with an aggregate nominal value

of USD 358 million have been redeemed fully for cash.

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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.

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Contact for investment community enquiries:

Isabel Green

Investor Relations Director

Tel +44 (0)20 8210 5568

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