Subsea 7 - Major Shareholding Notification 2015

Subsea 7 S.A. Disclosure of Large Shareholding

Luxembourg - 22 December 2015 - Subsea 7 S.A. (Oslo

Børs: SUBC, ADR: SUBCY) (the Company) announces that,

on 17 December 2015, BlackRock, Inc. informed the

Company that on 15 December 2015, following market

purchases, the total number of voting rights in the

Company (attached to shares or through financial

instruments) held by BlackRock, Inc. reached

16,814,699 shares representing 5.13% of the voting

rights in the Company, thereby crossing the 5%

threshold provided for by Luxembourg's Transparency

Law of 11 January 2008 on transparency requirements

for issuers of securities.

The 16,814,699 voting rights in the Company held by

BlackRock, Inc. comprised: 3,688,537 attached to

shares, 2,859,423 relating to securities lending and

10,266,739 relating CFDs.

A copy of the notification received from BlackRock,

Inc. is available on the Subsea 7 website

www.subsea7.com.

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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.

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Contact:

Isabel Green

Investor Relations Director

Subsea 7 S.A.

Tel +44 (0)20 8210 5568

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