Subsea 7 — Director's Dealing 2020

May 18, 2020

Subsea 7 S.A. mandatory notification of share trades

Luxembourg – 18 May 2020 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announces mandatory notification of the following share transaction by a primary insider:

Identification of the Notifying Person:
(a) Name and first name(s) of the person making the notification; if legal person: Company name and registered office	Siem Industries Inc., P.O. Box 309, South Church Street, George Town, Grand Cayman, KY1-1104, Cayman Islands LEI: 549300N2HGK6EBHM3F03
(b) If the notifying person is a Primary Insider, please specify the functions within the issuer	Chairman of Siem Industries Inc., Mr. Kristian Siem, is the Chairman of the issuer.
(c) If the notifying person is a Close Associate of a Primary Insider please indicate "one of the persons closely associated with" and the name, first name and functions of the person with whom they are closely associated.
Name of the issuer	Subsea 7 S.A.
Reason for notification	Mandatory notification of trade
Description of the financial instrument	Shares
Nature of the transaction: Acquisition - i.e. a purchase/ any other • transaction the purpose of which is the acquisition of financial instruments. Disposal - i.e. a sale/ any other • transaction the purpose of which is the transfer of financial instruments.	Acquisition of shares
Date of the transaction	15 May 2020
Place of the transaction i.e. Any useful information concerning the place of transaction, mainly the concerned market.	OTC
Negotiated Quantity	Transaction 1: 1,140,000 shares Transaction 2: 130,000 shares
Price per security	Transaction 1: NOK 90 Transaction 2: NOK 89
Total amount of the transaction (fees excluded)	(see further details below)
Further details of the transaction
Aggregated volume: 1,270,000 shares Weighted average price: NOK89.898

Acquisition of a total of 1,270,000 shares in Subsea 7 S.A. (OSE symbol SUBC) following the exercise of two legs of an existing OTC Option structure. Both legs represent sold Puts.

Following this transaction, the total number of share options available to Siem Industries Inc.is for 9,364,000 shares and the aggregate number of shares held by Siem Industries Inc. is 72,982,977.

Siem Industries is represented on the Board of Directors of Subsea 7 S.A. by Mr. Kristian Siem, Subsea 7 S.A.'s Chairman.

***************************************

Subsea 7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry's partner and employer of choice in delivering the efficient offshore solutions the world needs.

Subsea 7 is listed on the Oslo Bors (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62. ***************************************

Contact for investment community enquiries: Katherine Tonks Investor Relations Director Tel +44 20 8210 5568 katherine.tonks@subsea7.com www.subsea7.com