Subsea 7 — Director's Dealing 2017

Sep 22, 2017

Subsea 7 S.A. announces details of incentive schemes and share related awards

Luxembourg – 22 September 2017 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) (the "Company") in accordance with the Oslo Børs rules, today announces the details of awards under its 2013 Long-Term Incentive Plan (the "Plan") approved by the Board on September 21, 2017.

The Company will make awards over 1,151,000 performance shares, subject to the Plan's performance conditions on 22 September 2016.

The following Primary Insiders were awarded performance shares under the Plan and subsequently hold the following shares and options over shares:

		Performance Shares Awarded	Total Performance Shares(¹)	Total Owned Shares	Total Options
Jean Cahuzac	Chief Executive Officer	55,000	234,722	96,302	100,000
Ricardo Rosa	Chief Financial Officer	32,000	136,156	2,179	Nil
John Evans	Chief Operating Officer	40,000	169,107	32,438	Nil
Oeyvind Mikaelsen	EVP - Commercial	40,000	151,156	19,508	15,000
Nathalie Louys	General Counsel	20,000	82,575	3,814	8,000
Keith Tipson	EVP – Human Resources	20,000	88,149	23,363	15,000

¹Total performance shares held include the awards made in 2017 and represent the maximum award due to vest assuming all performance conditions are met.

This message is submitted on behalf of the Company and Subsea 7 S.A., as well as the named Primary Insiders.

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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. *******************************************************************************

Contact for enquiries: Isabel Green Investor Relations Director Tel +44 (0)20 8210 5568 isabel.green@subsea7.com www.subsea7.com

Forward-Looking Statements: Certain statements made in this announcement may include 'forward-looking statements'. These statements may be identified by the use of words like 'anticipate', 'believe', 'could', 'estimate', 'expect', 'forecast', 'intend', 'may', 'might', 'plan', 'predict', 'project', 'scheduled', 'seek', 'should', 'will', and similar expressions. The forward-looking statements reflect our current views and are subject to risks, uncertainties and assumptions. The principal risks and uncertainties which could impact the Group and the factors which could affect the actual results are described but not limited to those in the 'Risk Management' section in the Group's Annual Report and Consolidated Financial Statements2016. These factors, and others which are discussed in our public announcements, are among those that may cause actual and future results and trends to differ materially from our forward-looking statements: actions by regulatory authorities or other third parties; our

ability to recover costs on significant projects; the general economic conditions and competition in the markets and businesses in which we operate; our relationship with significant clients; the outcome of legal and administrative proceedings or governmental enquiries; uncertainties inherent in operating internationally; the timely delivery of vessels on order; the impact of laws and regulations; and operating hazards, including spills and environmental damage. Many of these factors are beyond our ability to control or predict. Other unknown or unpredictable factors could also have material adverse effects on our future results. Given these factors, you should not place undue reliance on the forwardlooking statements.