Subsea 7 - Major Shareholding Notification 2015

Subsea 7 S.A. Disclosure of Large Shareholding

Luxembourg - 30 September 2015 - Subsea 7 S.A.

(Oslo Børs: SUBC, ADR: SUBCY) (the Company)

announces that, on 28 September 2015, Orbis

Holdings Limited and its subsidiary Orbis

Investment Management Limited informed the Company

that on 22 September 2015, following market

purchases, the voting rights in the Company held,

via nominees, by funds managed by Orbis Investment

Management Limited reached 16,694,713 shares

representing 5.03% 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.

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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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Isabel Green

Investor Relations Director

Subsea 7 S.A.

Tel +44 (0)20 8210 5568

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