Subsea 7 - Major Shareholding Notification 2016

Subsea 7 S.A. Disclosure of Large Shareholding

Luxembourg - 1 August 2016 - Subsea 7 S.A. (Oslo Børs:

SUBC, ADR: SUBCY) (the Company) announces that, on 29

July 2016, Deutsche Bank Aktiengesellschaft informed

the Company that on 22 July 2016, following market

disposals, the percentage of voting rights in the

Company (attached to shares or through financial

instruments) held by Deutsche Bank Aktiengesellschaft

crossed below the 5% threshold provided for by

Luxembourg's Transparency Law of 11 January 2008 on

transparency requirements for issuers of securities.

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

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