Subsea 7 — Director's Dealing 2023

Oct 4, 2023

Subsea 7 S.A. Mandatory notification of share trades

Luxembourg – 4 October 2023 - 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
	Identification code	Oslo Børs: SUBC ISIN LU0075646355
b)1.	Nature of the transaction	Vesting (award) of shares under the Issuer's Long Term Incentive Plan (LTIP)
c)1.	Price(s) and volume(s)	Volume: 14,263
		Price: NOK 143.59
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: 6,731
		Price: NOK 143.59
d)	Aggregated information	N/A
e)	Date of the transaction	2023-10-02 (2 October 2023)
f)	Place of the transaction	Vesting – Outside a trading venue Sale of Shares – 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	Subsea 7 S.A. Shares
	Identification code	Oslo Børs: SUBC ISIN LU0075646355
b)1.	Nature of the transaction	Vesting (award) of shares under the Issuer's Long Term Incentive Plan (LTIP)
c)1.	Price(s) and volume(s)	Volume: 7,315 Price: NOK 143.59
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: 3,452 Price: NOK 143.59
d)	Aggregated information	N/A
e)	Date of the transaction	2023-10-02 (2 October 2023)
f)	Place of the transaction	Vesting – Outside a trading venue Sale of Shares – 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
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)	Nature of the transaction	Vesting (award) of shares under the Issuer's Long Term Incentive Plan (LTIP)
c)	Price(s) and volume(s)	Volume: 4,722
		Price: NOK 148.00
d)	Aggregated information	N/A
e)	Date of the transaction	2023-10-02 (2 October 2023)
f)	Place of the transaction	Vesting – Outside a trading venue

subsea 7

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nathalie Louys
$\overline{2}$	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	Subsea 7 S.A. Shares
	Identification code	Oslo Børs: SUBC ISIN LU0075646355
b)1.	Nature of the transaction	Vesting (award) of shares under the Issuer's Long Term Incentive Plan (LTIP)
c)1.	Price(s) and volume(s)	Volume: 7,183 Price: NOK 143.59
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: 3,390 Price: NOK 143.59
d)	Aggregated information	N/A
e)	Date of the transaction	2023-10-02 (2 October 2023)
f)	Place of the transaction	Vesting - Outside a trading venue Sale of Shares - Oslo Børs

subsea 7

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Katherine Lyne
$\mathbf{z}$	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	Subsea 7 S.A. Shares
	Identification code	Oslo Børs: SUBC ISIN LU0075646355
b)1.	Nature of the transaction	Vesting (award) of shares under the Issuer's Long Term Incentive Plan (LTIP)
c)1.	Price(s) and volume(s)	Volume: 4,869 Price: NOK 143.59
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: 2,298 Price: NOK 143.59
d)	Aggregated information	N/A
e)	Date of the transaction	2023-10-02 (2 October 2023)
f)	Place of the transaction	Vesting - Outside a trading venue Sale of Shares - 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 Issuer's Long Term Incentive Plan (LTIP)
c)1.	Price(s) and volume(s)	Volume: 6,924
		Price: NOK 143.59
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: 3,407
		Price: NOK 143.59
d)	Aggregated information	N/A
e)	Date of the transaction	2023-10-02 (2 October 2023)
f)	Place of the transaction	Vesting – Outside a trading venue Sale of Shares – 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
	Identification code	Oslo Børs: SUBC ISIN LU0075646355
b)1.	Nature of the transaction	Vesting (award) of shares under the Issuer's Long Term Incentive Plan (LTIP)
c)1.	Price(s) and volume(s)	Volume: 4,736 Price: NOK 143.59
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: 1,308 Price: NOK 143.59
d)	Aggregated information	N/A
e)	Date of the transaction	2023-10-02 (2 October 2023)
f)	Place of the transaction	Vesting – Outside a trading venue Sale of Shares – Oslo Børs

*********************************************************************** Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry. We create sustainable value by being the industry's partner and employer of choice in delivering the efficient offshore solutions the world needs.

Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

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

Contact for investment community enquiries:

Katherine Tonks Head of Investor Relations Tel +44 (0)20 8210 5568 ir@subsea7.com

This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 4 October 2023 at 12:30 CET.