Subsea 7 — Director's Dealing 2022

Oct 6, 2022

Subsea 7 S.A. Mandatory notification of share trades

Luxembourg – 6 October 2022 - 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	Subsea 7 S.A. shares Oslo Børs: SUBC
	Identification code	ISIN LU0075646355
b)1.	Nature of the transaction	Vesting (award) of shares under the issuers Long Term Incentive Plan (LTIP)
c)1.	Price(s) and volume(s)	Volume: 17,342
		Price: NOK 89.923481
b)2.	Nature of the transaction	Sale of shares to satisfy tax charge on vesting of shares
c)2.	Price(s) and volume(s)	Volume: 8,418
		Price: NOK 89.923481
d)	Aggregated information	N/A
e)	Date of the transaction	2022-10-03 (3 October 2022)
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	auctioneer or auction monitor	Details of the issuer, emission allowance market participant, auction platform,
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
	Identification code	ISIN LU0075646355
b)1.	Nature of the transaction	Vesting (award) of shares under the issuers Long Term Incentive Plan (LTIP)
c)1.	Price(s) and volume(s)	Volume: 8,691
b)2.	Nature of the transaction	Price: NOK 92.7204 Sale of shares to satisfy tax charge on vesting of shares
c)2.	Price(s) and volume(s)	Volume: 4,125 Price: NOK 92.7204
d)	Aggregated information	N/A
e)	Date of the transaction	2022-10-04 (4 October 2022)
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	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
	Identification code	Oslo Børs: SUBC
		ISIN LU0075646355
b)1.	Nature of the transaction	Vesting (award) of shares under the issuers Long Term Incentive Plan (LTIP)
c)1.	Price(s) and volume(s)	Volume: 8,300
		Price: NOK 89.923481
b)2.	Nature of the transaction	Sale of shares to satisfy tax charge on vesting of shares
c)2.	Price(s) and volume(s)	Volume: 4,113
		Price: NOK 89.923481
d)	Aggregated information	N/A
e)	Date of the transaction	2022-10-03 (3 October 2022)
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	auctioneer or auction monitor	Details of the issuer, emission allowance market participant, auction platform,
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)
c)1.	Price(s) and volume(s)	Volume: 8,715 Price: NOK 89.923481
b)2.	Nature of the transaction	Sale of shares to satisfy tax charge on vesting of shares
c)2.	Price(s) and volume(s)	Volume: 4,231 Price: NOK 89.923481
d)	Aggregated information	N/A
e)	Date of the transaction	2022-10-03 (3 October 2022)
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	auctioneer or auction monitor	Details of the issuer, emission allowance market participant, auction platform,
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
	Identification code	ISIN LU0075646355
b)1.	Nature of the transaction	Vesting (award) of shares under the issuers Long Term Incentive Plan (LTIP)
c)1.	Price(s) and volume(s)	Volume: 5,790
		Price: NOK 89.923481
b)2.	Nature of the transaction	Sale of shares to satisfy tax charge on vesting of shares
c)2.	Price(s) and volume(s)	Volume: 2,811
		Price: NOK 89.923481
d)	Aggregated information	N/A
e)	Date of the transaction	2022-10-03 (3 October 2022)
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	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 instrument, type of instrument	Subsea 7 S.A. shares Oslo Børs: SUBC
	Identification code
		ISIN LU0075646355
b)1.	Nature of the transaction	Vesting (award) of shares under the issuers Long Term Incentive Plan (LTIP)
c)1.	Price(s) and volume(s)	Volume: 5,982
		Price: NOK 89.923481
b)2.	Nature of the transaction	Sale of shares to satisfy tax charge on vesting of shares
c)2.	Price(s) and volume(s)	Volume: 1,655
		Price: NOK 89.923481
d)	Aggregated information	N/A
e)	Date of the transaction	2022-10-03 (3 October 2022)
f)	Place of the transaction	Vesting – outside a trading venue Share Sale – Oslo Børs

****************************************************************************** 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. ******************************************************************************

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