Seaway 7 ASA: Mandatory notification of trade

16 Mar 2023 19:30 CET

Subsea 7 S.A. ("Subsea7") has today informed Seaway 7 ASA ("Seaway7") that
Subsea7 has received acceptances for 6,036 shares in Seaway7 under the voluntary
offer to acquire all outstanding shares in Seaway7 announced on 13 March 2023.

Subsea7 is a close associate of Kristian Siem, Chairman of the Board of
Directors of Subsea7 and primary insider in Seaway7.

Please see the attached notification for further information.

This information is subject to the disclosure requirements in article 19 of
Regulation (EU) No 596/2014 (the EU Market Abuse Regulation) and section 5-12 of
the Norwegian Securities Trading Act.

More information:
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585507_Subsea 7 S.A. - Transactions by PDMRs and closely associated persons (16 March 2023).pdf