Subsea 7 S.A. cancels treasury shares

28 Jun 2024 13:22 CEST

Luxembourg - 28 June 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) (the
Company) announced that, in accordance with the authorisation given to the board
of directors of the Company (the "Board") at the extraordinary general meeting
of shareholders held on 18 April 2023, the Board has resolved to cancel
2,106,000 shares held in treasury, representing approximately 0.7% of the total
number of issued shares. The cancellation has now been effected and, as a
result, the issued share capital of the Company has been reduced by USD
4,212,000 to USD 604,376,544 represented by 302,188,272 common shares.

Following the cancellation, Subsea 7 S.A. holds 3,839,804 treasury shares
representing approximately 1.3% of the total number of issued shares.

The updated articles of association of the Company reflecting the reduction in
the issued share capital will be available on the Company's website.

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Subsea7 is a global leader in the delivery of offshore projects and services for
the evolving energy industry, creating 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 20 8210 5568
ir@subsea7.com

This information is subject to the disclosure requirements pursuant to section
4.2.4 of Oslo Rule Book II.
This stock exchange release was published by Katherine Tonks, Investor
Relations, Subsea7, on 28 June at 13:20 CET.

More information:
Access the news on Oslo Bors NewsWeb site

622675_Share Cancellation June 2024.pdf