Subsea 7 - Major Shareholding Notification 2016

Subsea 7 S.A. Disclosure of Large Shareholding

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

SUBC, ADR: SUBCY) (the Company) announces that, on 24

June 2016, Deutsche Bank Aktiengesellschaft informed

the Company that on 20 June 2016, following market

purchases, the total number of voting rights in the

Company (attached to shares or through financial

instruments) held by Deutsche Bank Aktiengesellschaft

reached 16,496,080 shares representing 5.04% 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 16,496,080 voting rights in the Company held by

Deutsche Bank Aktiengesellschaft comprised: 6,021,627

attached to shares, 8,708,623 relating to financial

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

2004/109/EC and 1,765,830 relating 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

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