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Subsea 7 Director's Dealing 2010

Nov 17, 2010

Director's Dealing

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Please be advised that I, Mel Fitzgerald, being a

Primary Insider of Subsea 7 Inc. (the "Company") have

surrendered 166,500 Share Options with an exercise

price of 29.49 NOK and received an award of 77,600

restricted stock under the Company's Restricted Stock

Award Plan. These restricted stock awards will vest

on 7th April 2011.

Following this surrender of options and award of

restricted stock, I will hold 69,586 shares and

110,473 restricted stock awards in the Company.