Subsea 7

M&A Activity • Jul 4, 2025

Subsea7 awarded contract offshore Egypt

Luxembourg – 4 July 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of sizeable1 contract offshore Egypt.

Subsea7 will be responsible for the engineering, commissioning and installation of flexible pipelines, umbilicals, and associated subsea components for a tie back to existing infrastructures.

Project management and engineering work will begin immediately at Subsea7's offices in France, Portugal, and Egypt. Offshore activity is expected to start in 2026.

David Bertin, Subsea7's Senior Vice President GPC East, said: "Our early engagement has been instrumental in shaping a shared vision and delivering innovative, efficient solutions. This award is a testament to the strength of our collaboration, our proven track record, and our commitment to safe, high-quality execution. We are pleased to be able to support our client in enabling and executing such a strategically important project in Egypt."

(1) Subsea7 defines a sizeable contract as being between \$50 million and \$150 million

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

Subsea7 is a qlobal 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.

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 ir@subsea7.com

Contact for media enquiries:

Hariom Cavalcante Communications Manager Tel +33 59 69 01 02 Hariom.Cavalcante@subsea7.com

Forward-Looking Statements: This document may contain forward-looking statements' (within the meaning of the safe harbour provisions of the U.S. Private Securities Litiqation Reform Act of 1995). These statements relate to our current expectations, beliefs, intentions, assumptions or strategies rearding the future and are subject to known risks that could cause actual results. performance or events to differ materially from those expressed or implical in the may be identified by the use of words such a
'anticipate', 'estimate', 'expect', 'future', 'intend', 'ikely' 'nay', 'strat expressions. The principal risks which ould affect future operations of the `Risk Management' section of the Group's Annual Report and Consolidated Financial Statemany cause actual and future results and trends to differ materially from our forward-looking statements include (but are not limited to): (i) our ability to deliver fixed price projects in accordans and within the parameters of our bids, and to avoid cost overruns; (ii) our ability to collect receivables, negotiate variation orders and collect the related revenue; (ii) our ability to recover costs on significant projects; (iv) capital expenditure by oil and gas companies, which is affected by fluctuations in the price of, and demand for, crude oil and natural gas; (v) unanticipated delays or cancellation our backlog; (vi) competition and price fluctuations in the markets and businesses in which we operate; (vii) the loss of, or deteriorship with, any significant clients; (vii) the outcome of legal proceedings or governmental inquiries; inherent in operating internationally, including economic, political and social instability, boycotts or embargoes, labour unrest, changes in foreign governmental requlations, corruption and currency fluctuations (x) the effects of a pandemic or a natural disaster, (xi) liability to third parties for the failure of our joint venture partners to fulfil their obligations; (xii) changes in, or our failure to comply with, applicable laws and regulations (including regulatory measures addressing dimi) operating hazards, including spills, environmental damage, personal or property damage and business interruptions caused by adverse weather; (xiv) equipment or mechanical failures, which could increase costs, impair revenue and result in penalties for failure to meet project completion requirements; (xv) the timely delivery of vessels on order and the timely completion of ship conversion programmes; (xvi) our ability to keep pace with technological changes and the impact of potential information technology, cyber security or data security breaches; (xvi) global availability of suitable alternative vessel fuels; and (xvii) the effectiveness of our disclosure controls and internal control over financial reporting. Many of these factors are beyond our ability to control or predict. Given these uncertaintes, you should not place undue reliance on the forwardlooking statement speaks only as of this document. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.