Seaway 7 ASA: Mandatory notification of trade

21 Mar 2023 21:05 CET

Subsea 7 S.A. ("Subsea7") has today informed Seaway 7 ASA ("Seaway7") that
Subsea7 has received acceptances for 1,280,424 shares in Seaway7 under the
voluntary offer to acquire all outstanding shares in Seaway7 announced on 13
March 2023 (the "Offer"), including acceptances from Lunde3 Holding AS.

Lunde3 Holding AS has today informed Seaway7 that it has accepted the Offer for
all of its 694,744 shares in Seaway7.

Subsea7 is a close associate of Kristian Siem, chairman of the board of
directors of Subsea7 and primary insider in Seaway7. Lunde3 Holding AS is a
close associate of Rune Magnus Lundetræ, the chairman of the board of directors
of Seaway7 and primary insider in Seaway7.

Please see the attached notifications 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:
Access the news on Oslo Bors NewsWeb site

585830_Lunde3 Holding AS - Transactions by PDMRs and closely associated persons (21 March 2023).pdf
585830_Subsea 7 S.A. - Transactions by PDMRs and closely associated persons (21 March 2023).pdf