Subsea 7 - Major Shareholding Notification 2022

Subsea 7 S.A. notification of major holdings

Luxembourg - 13 October 2022 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today

announced that, on 13 October 2022, Société Générale SA informed the Company

that it recently crossed above, and subsequently below, 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").

* On 10 October the total number of voting rights in the Company (attached to

shares or through financial instruments) held by Société Générale SA was

15,009,859 representing 5.0% of the voting rights in the Company.

* On 11 October the total number of voting rights in the Company (attached to

shares or through financial instruments) held by Société Générale SA was

14,899,082 representing 4.97% of the voting rights in the Company.

The 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

Subsea 7 website www.subsea7.com.

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Subsea 7 is a global leader in the delivery of offshore projects and services

for the evolving energy industry, creating sustainable value by being the

industry's partner and employer of choice in delivering the efficient offshore

solutions the world needs.

Subsea 7 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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