Subsea 7 — M&A Activity 2016

Aug 10, 2016

Subsea 7 acquires Swagelining Limited

Subsea 7 acquires Swagelining Limited

Luxembourg - 10 August 2016 - Subsea 7 S.A. (Oslo

Børs: SUBC, ADR: SUBCY) today announced the

acquisition of Swagelining Limited, the subsea

industry's leading polymer lining technologist, to

further expand existing polymer pipeline technology

interests.

Subsea 7 and Swagelining Limited have cooperated

together as a successful partnership, designing and

installing in excess of 150km of reeled and bundled

polyethylene (PE) lined water injection flowlines in

the North Sea, for a number of operators and

developments.

Thomas Sunde, Subsea 7 VP Technology,

commented: "Building upon a long-term strategic

objective to provide more cost-effective solutions,

Subsea 7 and Swagelining have a shared vision of the

potential that polymer lining could have in future

subsea engineering and construction projects, with a

focus on extending the application of polymer lined

flowlines.

"The acquisition of Swagelining Limited will enable

Subsea 7 to enhance its flowline and riser technology

portfolios, and supports Subsea 7's commitment to

develop and apply technologies that reduce cost,

enhance production and extend field life."

Supplementary information

1. Subsea 7 S.A. is a leading global contractor

in seabed-to-surface engineering, construction and

services to the offshore energy industry. We provide

technical solutions to enable the delivery of complex

projects in all water depths and challenging

environments.

2. Swagelining Limited designs and installs

polymer lining systems for strategic pipeline and

riser systems. The company is at the forefront of the

drive to extend polymer lining technology to provide

internal corrosion protection in carbon steel pipes,

transporting corrosive or erosive products under high

pressure.

3. Swagelining Limited employs approximately 50

people and occupies leased space at North Clydesdale

Industrial Park, Glasgow.

4. For further information visit www.subsea7.com

or www.swagelining.com.

Contact for investment community enquiries:

Isabel Green

Investor Relations Director

Tel +44 (0)20 8210 5568

isabel.green@subsea7.com

Contact for media enquiries:

Julie Taylor

Communications Manager

Tel: +44 (0)1224 526270

julie.taylor@subsea7.com