Subsea 7 S.A. notice to investors

23 Dec 2022 17:42 CET

Luxembourg - 23 December 2022 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, the
"Company") today announced that, following the implementation of the Norwegian
Central Securities Depository Act, implementing the EU Central Securities
Depositories Regulation (CSDR) and the decision of the board of directors under
the authorisation given to it by the extraordinary general meeting of the
Company on 12 April 2022, the compulsory dematerialisation of all the existing
shares in the Company is now effective. All issued shares in the Company have
been converted into dematerialised shares and the Company's articles of
incorporation have been amended to remove the references to provisions that were
applicable until such conversion.

In the context of the dematerialisation of its shares, the Company has appointed
Verdipapirsentralen ASA (operating under the name of Euronext Securities Oslo),
as central securities depository within the meaning and for the purpose of the
EU Central Securities Depositories Regulation (CSDR).

No action is required from the Company's investors.

The updated coordinated articles of incorporation are available on Subsea7's
website.

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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.

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Contact:
Katherine Tonks
Investor Relations Director
Subsea 7 S.A.
Tel +44 (0)20 8210 5568
ir@subsea7.com

www.subsea7.com

More information:
Access the news on Oslo Bors NewsWeb site

579174_SUBC notice to investors.pdf