Subsea 7 — Remuneration Information 2014

Sep 24, 2014

Subsea 7 S.A. announces details of incentive schemes and share related awards

Luxembourg – 24 September 2014 - Subsea 7 S.A. (Oslo Børs: SUBC; the Company) in accordance with the Oslo Børs rules, today announces details of awards under its 2013 Long-Term Incentive Plan (the Plan) approved by the Company's Board of Directors on 23 September 2014.

The Company will make awards over 1,658,000 performance shares, subject to the Plan's performance conditions on 1 October 2014. The award made will be satisfied by treasury shares held indirectly by Subsea 7 Investing (Bermuda) Limited and unallocated shares held within Appleby Trust (Jersey) Limited.

The following Primary Insiders were awarded performance shares under the Plan and subsequently hold the following shares and options over shares:

		Performance Shares Awarded	Total Performance Shares(¹)	Total Owned Shares	Total Options
Jean Cahuzac	Chief Executive Officer	70,000	190,000	92,566	100,000
Ricardo Rosa	Chief Financial Officer	40,000	110,000	Nil	Nil
John Evans	Chief Operating Officer	48,000	128,000	29,948	Nil
Nathalie Louys	General Counsel	23,000	62,000	2,607	22,500
Keith Tipson	Executive VP – HR	28,000	73,500	21,931	61,500
Steve Wisely	Executive VP – Commercial	34,000	94,000	25,732	Nil

¹Total performance shares held include the awards made in 2014 and represent the maximum award due to vest assuming all performance conditions are met.

This message is submitted on behalf of the Company and Subsea 7 Investing (Bermuda) Limited, as well as the named Primary Insiders.

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Subsea 7 S.A. is a seabed-to-surface engineering, construction and services contractor to the offshore energy industry worldwide. We provide integrated services, and we plan, design and deliver complex projects in harsh and challenging environments. *******************************************************************************

Contact:

Keith Russell Subsea 7 S.A. Tel +44 (0) 20 8210 5568 keith.russell@subsea7.com www.subsea7.com

Forward-Looking Statements: Certain statements made in this announcement may include 'forward-looking statements'. These statements may be identified by the use of words like 'anticipate', 'believe', 'could', 'estimate', 'expect', 'forecast', 'intend', 'may', 'might', 'plan', 'predict', 'project', 'scheduled', 'seek', 'should', 'will', and similar expressions. The forward-looking statements reflect our current views and are subject to risks, uncertainties and assumptions. The principal risks and uncertainties which could impact the Company and the factors which could affect the actual results are described but not limited to those in the 'Risk factors' section in the Company's Annual Report and Consolidated Financial Statements for the year ended 31 December 2013. These factors, and others which are discussed in our public announcements, are among those that may cause actual and future results and trends to differ materially from our forward-looking statements: actions by regulatory authorities or other third parties; our ability to recover costs on significant projects; the general economic conditions and competition in the markets and businesses in which we operate; our relationship with significant clients; the outcome of legal and administrative proceedings or governmental enquiries; uncertainties inherent in operating internationally; the timely delivery of ships on order and the timely completion of ship conversion programmes; the impact of laws and regulations; and operating hazards, including spills and environmental damage. Many of these factors are beyond our ability to control or predict. Other unknown or unpredictable factors could also have material adverse effects on our future results. Given these factors, you should not place undue reliance on the forward-looking statements.