Subsea 7 - Capital/Financing Update 2017

Subsea 7 S.A. repurchase of convertible bonds

Luxembourg - 3 July 2017 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR:

SUBCY) (the Company) announced that, through market purchases on 30

June 2017, it has bought bonds totalling USD 22.6 million in nominal

value at an average price of 99.75 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 342.0 million representing approximately 48.9%

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.

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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