Subsea 7 - Major Shareholding Notification 2016

Subsea 7 S.A. Disclosure of Large Shareholding

Luxembourg - 11 August 2016 - Subsea 7 S.A. (Oslo

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

on 10 August 2016, Deutsche Bank Aktiengesellschaft

informed the Company that on 4 August 2016 the total

number of voting rights in the Company (attached to

shares or through financial instruments) held by

Deutsche Bank Aktiengesellschaft reached 16,077,247

shares representing 4.91% of the voting rights in the

Company, thereby crossing below the 5% threshold

provided for by Luxembourg's Transparency Law of 11

January 2008 on transparency requirements for issuers

of securities.

The 16,077,247 voting rights in the Company held by

Deutsche Bank Aktiengesellschaft comprised: 5,917,370

attached to shares, 8,024,793 relating to financial

instruments according to Art. 13(1)(a) of Directive

2004/109/EC and 2,135,084 relating to financial

instruments according to Art. 13(1)(b) of Directive

2004/109/EC.

A copy of the notification received from Deutsche Bank

Aktiengesellschaft 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

www.subsea7.com

The full release is available on www.subsea7.com

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