Subsea7 announces proposed nominations to the Company's Board of Directors

17 Mar 2023 08:00 CET

Luxembourg - 17 March 2023 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today
announced the following proposed changes to the membership of the Board of
Directors, with new appointments being subject to approval at the AGM on 18
April 2023:

Mr Dod Fraser, currently Independent Director and Chairman of the Audit
Committee, will not be standing for re-election at the AGM. Mr Fraser served on
the Board for more than 13 years and the Board would like to thank him for his
valuable contribution to Subsea7.

The Board of Directors proposes Ms Elisabeth Proust for election at the AGM as
Independent Director and also the election as a Non-Independent director, of
Treveri S.à r.l., a Luxembourg company, with Mr Kristian Siem, its 100% owner,
to be its permanent representative on the Board of Directors.

In addition, the Board also proposes that Ms Louisa Siem and Mr Eldar Sætre be
re-elected as Directors of Subsea 7 S.A. at the AGM.

Biographical details of those standing for election are included in the
published AGM materials.

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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 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

585529_SUBC Board Changes.pdf