Subsea 7 - Major Shareholding Notification 2016

Subsea 7 S.A. Disclosure of Large Shareholding

Luxembourg - 21 January 2016 - Subsea 7 S.A. (Oslo

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

on 18 January 2016, BlackRock, Inc. informed the

Company that on 12 January 2016, following market

disposals, the percentage of voting rights in the

Company (attached to shares or through financial

instruments) held by BlackRock, Inc. 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 BlackRock,

Inc. 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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