Subsea 7 - Major Shareholding Notification 2022

Subsea 7 S.A. notification of major holdings

Luxembourg - 29 August 2022 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today

announced that, on 29 August 2022, Société Générale SA informed the Company that

on 24 August 2022, the total number of voting rights in the Company (attached to

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

15,430,466 representing 5.14% 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 15,430,466 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 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:

Katherine Tonks

Investor Relations Director

Subsea 7 S.A.

Tel +44 (0)20 8210 5568

www.subsea7.com

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