Subsea 7 — Director's Dealing 2018

Sep 19, 2018

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

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

Luxembourg - September 19, 2018 - Subsea 7 S.A. (Oslo Børs: SUBC) (the "Company") in accordance with the Oslo Børs rules, today announces the details of awards under its 2018 Long-Term Incentive Plan (the "Plan") approved by the Board on September 18, 2018.

The Company will make awards over 1,250,000 performance shares, subject to the Plan's performance conditions on 19 September 2018.

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

Jean Cahuzac

Chief Executive Officer

Performance Shares Awarded: 60,000

Total Performance Shares(¹): 271,025

Total Owned Shares: 108,816

Total Options: Nil

Ricardo Rosa

Chief Financial Officer

Performance Shares Awarded: 38,000

Total Performance Shares(¹): 160,531

Total Owned Shares: 9,374

Total Options: Nil

John Evans

Chief Operating Officer

Performance Shares Awarded: 46,000

Total Performance Shares(¹): 198,993

Total Owned Shares: 40,947

Total Options: Nil

Stuart Fitzgerald

EVP - Strategy & Commercial

Performance Shares Awarded: 30,000

Total Performance Shares(¹): 92,655

Total Owned Shares: 3,030

Total Options: Nil

Nathalie Louys

General Counsel

Performance Shares Awarded: 24,000

Total Performance Shares(¹): 98,638

Total Owned Shares: 7,766

Total Options: Nil

Keith Tipson

EVP - Human Resources

Performance Shares Awarded: 24,000

Total Performance Shares(¹): 102,788

Total Owned Shares: 28,767

Total Options: Nil

¹Total performance shares held include the awards made in 2018 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.