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, John Evans, being a Primary Insider of Subsea 7 Inc. exercised 60,000 share options at an exercise price of 44.85 NOK per option and sold 60,000 shares in Subsea 7 Inc. at a price of 103.61 NOK per share.

Following this transaction I hold 900 shares, 12,000 share options and 128,333 restricted share awards in Subsea 7 Inc.