Subsea 7 — Director's Dealing 2021

Oct 4, 2021

Subsea 7 S.A. Mandatory notification of share trades

Luxembourg – 4 October 2021 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announces mandatory notification of the following share transactions by primary insiders:

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	John Evans
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Subsea 7 S.A.
b)	LEI	222100AIF0CBCY80AH62
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Subsea 7 S.A. shares Oslo Børs: SUBC ISIN LU0075646355
b)1.	Nature of the transaction	Vesting (award) of shares under the Issuers Long Term Incentive Plan (LTIP)
b)2.	Price(s) and volume(s)	Volume: 20,123 Price: NOK 73.883691
c)1.	Nature of the transaction	Sale of shares to satisfy tax charge on vesting of shares
c)2.	Price(s) and volume(s)	Volume: 9,515 Price: NOK 73.883691
d)	Aggregated information	N/A
e)	Date of the transaction	2021-10-01 (1 October 2021)
f)	Place of the transaction	Vesting - outside a trading venue Share sale - Oslo Børs

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ricardo Rosa
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Subsea 7 S.A.
b)	LEI	222100AIF0CBCY80AH62
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Subsea 7 S.A. shares Oslo Børs: SUBC ISIN LU0075646355
b)1.	Nature of the transaction	Vesting (award) of shares under the Issuers Long Term Incentive Plan (LTIP)
b)2.	Price(s) and volume(s)	Volume: 16,340 Price: NOK 73.883691
c)1.	Nature of the transaction	Sale of shares to satisfy tax charge on vesting of shares
c)2.	Price(s) and volume(s)	Volume: 7,727 Price: NOK 73.883691
d)	Aggregated information	N/A
e)	Date of the transaction	2021-10-01 (1 October 2021)
f)	Place of the transaction	Vesting - outside a trading venue Share sale - Oslo Børs

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Olivier Blaringhem
2	Reason for the notification
a)	Position/status	Executive Vice President – Subsea & Conventional
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Subsea 7 S.A.
b)	LEI	222100AIF0CBCY80AH62
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Subsea 7 S.A. shares Oslo Børs: SUBC ISIN LU0075646355
b)1.	Nature of the transaction	Vesting (award) of shares under the Issuers Long Term Incentive Plan (LTIP)
b)2.	Price(s) and volume(s)	Volume: 8,560 Price: NOK 74.62
c)1.	Nature of the transaction	Sale of shares to satisfy tax charge on vesting of shares
c)2.	Price(s) and volume(s)	Volume: 4,075 Price: NOK 74.62
d)	Aggregated information	N/A
e)	Date of the transaction	2021-10-01 (1 October 2021)
f)	Place of the transaction	Vesting - outside a trading venue Share sale - Oslo Børs

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Stuart Fitzgerald
2	Reason for the notification
a)	Position/status	Chief Executive Officer, Seaway 7 ASA
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Subsea 7 S.A.
b)	LEI	222100AIF0CBCY80AH62
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Subsea 7 S.A. shares Oslo Børs: SUBC ISIN LU0075646355
	Identification code
b)	Nature of the transaction	Vesting (award) of shares under the Issuers Long Term Incentive Plan (LTIP)
c)	Price(s) and volume(s)	Volume: 6,469 Price: NOK 74.62
d)	Aggregated information	N/A
e)	Date of the transaction	2021-10-01 (1 October 2021)
f)	Place of the transaction	Share sale - Oslo Børs

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Phillip Simons
2	Reason for the notification
a)	Position/status	Executive Vice President – Projects & Operations
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Subsea 7 S.A.
b)	LEI	222100AIF0CBCY80AH62
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Subsea 7 S.A. shares Oslo Børs: SUBC ISIN LU0075646355
	Identification code
b)1.	Nature of the transaction	Vesting (award) of shares under the Issuers Long Term Incentive Plan (LTIP)
b)2.	Price(s) and volume(s)	Volume: 9,316 Price: NOK 73.883691
c)1.	Nature of the transaction	Sale of shares to satisfy tax charge on vesting of shares
c)2.	Price(s) and volume(s)	Volume: 4,499 Price: NOK 73.883691
d)	Aggregated information	N/A
e)	Date of the transaction	2021-10-01 (1 October 2021)
f)	Place of the transaction	Vesting - outside a trading venue Share sale - Oslo Børs

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Stephen McNeill
2	Reason for the notification
a)	Position/status	Chief Operating Officer, Seaway 7 ASA
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Subsea 7 S.A.
b)	LEI	222100AIF0CBCY80AH62
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Subsea 7 S.A. shares Oslo Børs: SUBC ISIN LU0075646355
b)1.	Nature of the transaction	Vesting (award) of shares under the Issuers Long Term Incentive Plan (LTIP)
b)2.	Price(s) and volume(s)	Volume: 9,479 Price: NOK 73.883691
c)1.	Nature of the transaction	Sale of shares to satisfy tax charge on vesting of shares
c)2.	Price(s) and volume(s)	Volume: 4,578 Price: NOK 73.883691
d)	Aggregated information	N/A
e)	Date of the transaction	2021-10-01 (1 October 2021)
f)	Place of the transaction	Vesting - outside a trading venue Share sale - Oslo Børs

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nathalie Louys
2	Reason for the notification
a)	Position/status	General Counsel
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Subsea 7 S.A.
b)	LEI	222100AIF0CBCY80AH62
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Subsea 7 S.A. shares Oslo Børs: SUBC ISIN LU0075646355
b)1.	Nature of the transaction	Vesting (award) of shares under the Issuers Long Term Incentive Plan (LTIP)
b)2.	Price(s) and volume(s)	Volume: 10,263 Price: NOK 73.883691
c)1.	Nature of the transaction	Sale of shares to satisfy tax charge on vesting of shares
c)2.	Price(s) and volume(s)	Volume: 4,853 Price: NOK 73.883691
d)	Aggregated information	N/A
e)	Date of the transaction	2021-10-01 (1 October 2021)
f)	Place of the transaction	Vesting - outside a trading venue Share sale - Oslo Børs

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Katherine Lyne
2	Reason for the notification
a)	Position/status	Executive Vice President – Human Resources
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Subsea 7 S.A.
b)	LEI	222100AIF0CBCY80AH62
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Subsea 7 S.A. shares Oslo Børs: SUBC ISIN LU0075646355
b)1.	Nature of the transaction	Vesting (award) of shares under the Issuers Long Term Incentive Plan (LTIP)
b)2.	Price(s) and volume(s)	Volume: 6,076 Price: NOK 73.883691
c)1.	Nature of the transaction	Sale of shares to satisfy tax charge on vesting of shares
c)2.	Price(s) and volume(s)	Volume: 2,873 Price: NOK 73.883691
d)	Aggregated information	N/A
e)	Date of the transaction	2021-10-01 (1 October 2021)
f)	Place of the transaction	Vesting - outside a trading venue Share sale - Oslo Børs

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jean Cahuzac
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Subsea 7 S.A.
b)	LEI	222100AIF0CBCY80AH62
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Subsea 7 S.A. shares Oslo Børs: SUBC ISIN LU0075646355
b)1.	Nature of the transaction	Vesting (award) of shares under the Issuers Long Term Incentive Plan (LTIP)
b)2.	Price(s) and volume(s)	Volume: 36,708 Price: NOK 73.883691
c)1.	Nature of the transaction	Sale of shares to satisfy tax charge on vesting of shares
c)2.	Price(s) and volume(s)	Volume: 16,619 Price: NOK 73.883691
d)	Aggregated information	N/A
e)	Date of the transaction	2021-10-01 (1 October 2021)
f)	Place of the transaction	Vesting - outside a trading venue Share sale - Oslo Børs

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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 Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

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