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Subsea 7 Director's Dealing 2022

Nov 21, 2022

6244_dirs_2022-11-21_28eb27aa-4e57-44d3-84e8-d56c34a8d591.html

Director's Dealing

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Subsea 7 S.A. mandatory notification of share trades

Subsea 7 S.A. mandatory notification of share trades

Luxembourg - 21 November 2022 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY)

announces mandatory notification of the following share transaction by a person

discharging managerial responsibilities:

+--+---------------------------------------------------------------------------+

|1 |Details of the person discharging managerial responsibilities/person |

| |closely associated |

+--+-----------------------------------+---------------------------------------+

|a)|Name |Marcelo Lopes Xavier |

+--+-----------------------------------+---------------------------------------+

|2 |Reason for the notification |

+--+-----------------------------------+---------------------------------------+

|a)|Position/status |Executive Vice President - Strategy & |

| | |Sustainability |

+--+-----------------------------------+---------------------------------------+

|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 |Shares |

| |instrument, type of instrument |Oslo Børs: SUBC |

| |Identification code |ISIN LU0075646355 |

| | |LU0075646355 |

+--+-----------------------------------+---------------------------------------+

|b)|Nature of the transaction |Share sale |

+--+-----------------------------------+---------------------------------------+

|c)|Price(s) and volume(s) |Price: NOK 105.85 |

| | |Volume: 2,163 |

+--+-----------------------------------+---------------------------------------+

|d)|Aggregated information |N/A |

| |  | |

+--+-----------------------------------+---------------------------------------+

|e)|Date of the transaction |2022-11-18 |

+--+-----------------------------------+---------------------------------------+

|f)|Place of the transaction |Oslo Børs |

+--+-----------------------------------+---------------------------------------+

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 the Norwegian Securities Trading Act.

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

Subsea7 creates sustainable value by delivering the offshore energy transition

solutions the world needs.

Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI

222100AIF0CBCY80AH62.

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

Contact for investment community enquiries:

Katherine Tonks

Investor Relations Director

Tel +44 20 8210 5568

[email protected]