Subsea 7 — Director's Dealing 2020

Dec 18, 2020

MANDATORY NOTIFICATION OF TRADE - SUBSEA 7 S.A. – TRANSACTION OF SHARE OPTIONS

MANDATORY NOTIFICATION OF TRADE - SUBSEA 7 S.A. – TRANSACTION OF SHARE OPTIONS

SIEM INDUSTRIES S.A. which is represented on the board of Subsea 7 S.A. by Kristian Siem announces that

it has on 17 December 2020 terminated two OTC Call Option structures with underlying shares being Subsea 7

S.A.(OSE symbol SUBC) shares. The terminated structures are for an aggregate of 2,629,000 shares, with

details as follows:

Expiry Underlying shares Strike Price NOK

2021 May 21 349,000 94

2021 May 23 2,280,000 103

Following this transaction, the total number of put and call options available to Siem Industries SA. is

8,172,200 and the aggregate number of shares held by Siem Industries SA. remains unchanged at 73,522,977.