Subsea 7 - Major Shareholding Notification 2022

Subsea 7 S.A. notification of major holdings

Luxembourg - 27 October 2022 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today

announced that, on 26 October 2022, Société Générale SA informed the Company

that on 24 October 2022, the total number of voting rights in the Company

(attached to shares or through financial instruments) held by Société Générale

SA was 15,347,977 representing 5.11% of the voting rights in the Company,

thereby crossing above the 5% threshold provided for by Luxembourg's

Transparency Law of 11 January 2008 on transparency requirements for issuers of

securities as amended (the "Transparency Law").

The 15,347,977 voting rights in the Company held by Société Générale SA were

attached to shares and financial instruments with similar economic effect

according to Article 12 (1) (b) of the Transparency Law.

A copy of the notification received from Société Générale SA is available on the

Subsea7 website www.subsea7.com.

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Subsea7 creates sustainable value by delivering the offshore energy transition

solutions the world needs.

Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI

222100AIF0CBCY80AH62.

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Contact:

Katherine Tonks

Investor Relations Director

Subsea 7 S.A.

Tel +44 (0)20 8210 5568

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