Subsea7 share repurchases

02 Dec 2024 08:00 CET

Luxembourg - 2 December 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today
announced transactions made in accordance with its share repurchase programme
during the week commencing 25 November 2024.

Date on which the share repurchase programme was announced: 25 July 2019, with a
two-year extension announced on 19 April 2023.

The duration of the share repurchase programme: until 18 April
2025.

In the period from 25 November 2024 until 29 November 2024 Subsea 7 S.A. has
repurchased a total of 124,500 own shares at the Oslo Stock Exchange at an
average price of NOK 176.6471 per share.

+------------------------------------------------------------------------------+
|                 Overview of transactions |
+--------------------+------------------+----------------+---------------------+
| | |Weighted average| |
| | Aggregated daily| share price per| Total daily|
| | volume| day| transaction value|
|Dates |(number of shares)| (NOK)| (NOK)|
+--------------------+------------------+----------------+---------------------+
|25 November 2024 | - | - | - |
+--------------------+------------------+----------------+---------------------+
|26 November 2024 | - | - | - |
+--------------------+------------------+----------------+---------------------+
|27 November 2024 | - | - | - |
+--------------------+------------------+----------------+---------------------+
|28 November 2024 | 61,500| 178.4877| 10,976,994|
+--------------------+------------------+----------------+---------------------+
|29 November 2024 | 63,000| 174.8503| 11,015,569|
+--------------------+------------------+----------------+---------------------+
|Previously disclosed| 14,738,804| 105.5707| 1,555,985,367|
+--------------------+------------------+----------------+---------------------+
|Accumulated | 14,863,304| 106.1660| 1,577,977,929|
+--------------------+------------------+----------------+---------------------+
|  |
+------------------------------------------------------------------------------+
|The issuer's holding of own shares: |
|Following the completion of the above transactions, and reflecting previous|
|share cancellations of 7,787,967 shares, as well as share transfers to satisfy|
|the Company's long-term incentive plan obligations, Subsea 7 S.A. owns a total|
|of 6,265,336 of its own shares, corresponding to 2.07% of the issued share|
|capital of Subsea 7 S.A. Total shares in issue, including treasury shares,|
|were 302,188,272.                         |
|                                       |
|Appendix: |
|An overview of all transactions made under the share repurchase programme that|
|have been carried out during the above-mentioned time period is attached to|
|this report and available at |
|www.newsweb.no. (http://www.newsweb.no/) |
+------------------------------------------------------------------------------+

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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 enquiries:
Katherine Tonks
Head of Investor Relations
Tel +44 20 8210 5568
ir@subsea7.com
www.subsea7.com (http://www.subsea7.com)

This is information that Subsea 7 S.A. is obliged to make public pursuant to the
EU Market Abuse Regulation and that is subject to the disclosure requirements of
Section 5-12 of the Norwegian Securities Trading Act
This stock exchange release was published by Katherine Tonks, Investor
Relations, Subsea7, on 02 December 2024 at 08:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

633602_SUBC trade log 2 December 2024.pdf
633602_SUBC share repurchase 2 December 2024.pdf