Subsea 7 - Major Shareholding Notification 2016

Subsea 7 S.A. Disclosure of Large Shareholding

Luxembourg - 4 August 2016 - Subsea 7 S.A. (Oslo Børs:

SUBC, ADR: SUBCY) (the Company) announces that, on 3

August 2016, Deutsche Bank Aktiengesellschaft informed

the Company that on 28 July 2016 the total number of

voting rights in the Company (attached to shares or

through financial instruments) held by Deutsche Bank

Aktiengesellschaft reached 17,252,839 shares

representing 5.27% 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 17,252,839 voting rights in the Company held by

Deutsche Bank Aktiengesellschaft comprised: 5,767,850

attached to shares, 9,349,045 relating to financial

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

2004/109/EC and 2,135,944 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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