Subsea 7 - Share Issue/Capital Change 2023

Subsea 7 S.A. Treasury Shares

Luxembourg - 13 April 2023 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) (the

Company) announced that on 13 April 2023 it transferred 9,913 common shares held

in treasury to satisfy employee share awards under the Company's Long-term

Incentive Plan.

Following the above transfer, the number of common shares held in treasury is

4,102,387 representing 1.35% of the Company's issued common shares. The number

of issued common shares including treasury shares is unchanged at 302,858,466.

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Subsea7 is a global leader in the delivery of offshore projects and services for

the evolving energy industry. We create sustainable value by being the

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

solutions the world needs.

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

222100AIF0CBCY80AH62.

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Contact for investment community enquiries:

Katherine Tonks

Investor Relations Director

Tel +44 (0)20 8210 5568

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