Subsea 7 — Director's Dealing 2010

Feb 10, 2010

SUBSEA 7 INC.

PRIMARY INSIDER NOTIFICATION FORM

EXERCISE OF OPTIONS AND IMMEDIATE SALE OF UNDERLYING SHARES

Please be advised that on 10 February 2010 I, Jan Willem van der Graaf, being a Primary Insider of Subsea 7 Inc. exercised 2,500 share options at an exercise price of 29.49 NOK per option and sold 2,500 shares in Subsea 7 Inc. at a price of 103.61 NOK per share.

Following this transaction I hold 46,666 restricted share awards in Subsea 7 Inc.