Subsea 7 S.A. mandatory notification of share trades

21 Nov 2022 12:53 CET

Luxembourg - 21 November 2022 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY)
announces mandatory notification of the following share transaction by a person
discharging managerial responsibilities:

+--+---------------------------------------------------------------------------+
|1 |Details of the person discharging managerial responsibilities/person |
| |closely associated |
+--+-----------------------------------+---------------------------------------+
|a)|Name |Marcelo Lopes Xavier |
+--+-----------------------------------+---------------------------------------+
|2 |Reason for the notification |
+--+-----------------------------------+---------------------------------------+
|a)|Position/status |Executive Vice President - Strategy & |
| | |Sustainability |
+--+-----------------------------------+---------------------------------------+
|b)|Initial notification/ Amendment |Initial notification |
+--+-----------------------------------+---------------------------------------+
|3 |Details of the issuer, emission allowance market participant, auction |
| |platform, auctioneer or auction monitor |
+--+-----------------------------------+---------------------------------------+
|a)|Name |Subsea 7 S.A. |
+--+-----------------------------------+---------------------------------------+
|b)|LEI |222100AIF0CBCY80AH62 |
+--+-----------------------------------+---------------------------------------+
|4 |Details of the transaction(s): section to be repeated for (i) each type of |
| |instrument; (ii) each type of transaction; (iii) each date; and (iv) each |
| |place where transactions have been conducted |
+--+-----------------------------------+---------------------------------------+
|a)|Description of the financial |Shares |
| |instrument, type of instrument |Oslo Børs: SUBC |
| |Identification code |ISIN LU0075646355 |
| | |LU0075646355 |
+--+-----------------------------------+---------------------------------------+
|b)|Nature of the transaction |Share sale |
+--+-----------------------------------+---------------------------------------+
|c)|Price(s) and volume(s) |Price: NOK 105.85 |
| | |Volume: 2,163 |
+--+-----------------------------------+---------------------------------------+
|d)|Aggregated information |N/A |
| |  | |
+--+-----------------------------------+---------------------------------------+
|e)|Date of the transaction |2022-11-18 |
+--+-----------------------------------+---------------------------------------+
|f)|Place of the transaction |Oslo Børs |
+--+-----------------------------------+---------------------------------------+

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.

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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.

*******************************************************************************

Contact for investment community enquiries:
Katherine Tonks
Investor Relations Director
Tel +44 20 8210 5568
ir@subsea7.com

More information:
Access the news on Oslo Bors NewsWeb site

576265_SUBC Mandatory Notification 211122.pdf