Subsea 7 S.A. Treasury Shares

13 Apr 2023 15:56 CEST

Luxembourg - 13 April 2023 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) (the
Company) announced that on 13 April 2023 it transferred 9,913 common shares held
in treasury to satisfy employee share awards under the Company's Long-term
Incentive Plan.

Following the above transfer, the number of common shares held in treasury is
4,102,387 representing 1.35% of the Company's issued common shares. The number
of issued common shares including treasury shares is unchanged at 302,858,466.

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Subsea7 is a global leader in the delivery of offshore projects and services for
the evolving energy industry. We create sustainable value by being the
industry's partner and employer of choice in delivering the efficient offshore
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 (0)20 8210 5568
ir@subsea7.com (mailto:ir@subsea7.com)

More information:
Access the news on Oslo Bors NewsWeb site

587567_SUBC Treasury Shares.pdf