Subsea 7 - Major Shareholding Notification 2015

Subsea 7 S.A. Disclosure of Large Shareholding

Luxembourg - 27 April 2015 - Subsea 7 S.A. (Oslo

Børs: SUBC: the Company) announces that on 22nd

April 2015, Orbis Holdings Limited and its

subsidiary Orbis Investment Management Limited

informed the Company that on 22nd April 2015,

following market purchases, the voting rights in

the Company held via nominees by funds managed by

Orbis Investment Management Limited reached

16,615,934 shares representing 5.0023% of the

voting rights in the Company, thereby crossing the

5% threshold provided for by Luxembourg

Transparency Law (Luxembourg law of 11 January 2008

on transparency requirements for issuers of

securities, as amended).

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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 for investment community enquiries:

Isabel Green

Investor Relations Director

Tel +44 (0) 20 8210 5568

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