Subsea 7 - Capital/Financing Update 2017

Subsea 7 S.A. repurchase of convertible bonds

Luxembourg - 7 April 2017 - Subsea 7 S.A. (Oslo Børs: SUBC,

ADR: SUBCY) (the Company) announced that, through market

purchases on 6 April 2017, it has bought bonds totalling USD

55.0 million in nominal value at an average price of 99.40

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 319.4 million representing

approximately 45.6% 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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