Subsea 7 — Director's Dealing 2020

Aug 24, 2020

MANDATORY NOTIFICATION OF TRADE - SUBSEA 7 S.A. – PURCHASE OF SHARES

MANDATORY NOTIFICATION OF TRADE - SUBSEA 7 S.A. – PURCHASE OF SHARES

SIEM INDUSTRIES INC. which is represented on the board of Subsea 7 SA by Kristian Siem announces that on Friday, 21 August 2020, it acquired a total of 540,000 shares in Subsea 7 S.A. (OSE symbol SUBC) following the exercise of an existing OTC Option structure, representing a sold Put, with details as follows:

Date: 2020, August 21

Exercised Put Underlying shares: 540,000

Strike price NOK: 84

Following this transaction, the aggregate number of shares held by Siem Industries Inc. is 73,522,977 which is equal to 25.41% of the Subsea 7 SA share capital. The total number of options available to Siem Industries Inc. is 8,824,000.