Subsea 7 S.A. Notice of Annual General Meeting and Extraordinary General Meeting

25 Mar 2025 10:30 CET

Luxembourg - 25 March 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today
published and distributed to eligible holders of Common Shares and American
Depositary Receipts the Notice of Meeting and supporting materials for the
Annual General Meeting of Shareholders (the AGM) and the Extraordinary General
Meeting of Shareholders (the EGM).

The AGM is scheduled to take place at 15:00 (local time) on 8 May 2025 at the
Company's registered office, 412F, route d'Esch, L-1471 Luxembourg and the EGM
will take place immediately thereafter.

The holders of American Depositary Receipts ("ADRs") on record at the close of
business on 26 March 2025 and the holders of common shares on record at the
close of business on 24 April 2025 will be entitled to vote. The deadline for
submission of votes for holders of ADRs is 24 April 2025 and for holders of
common shares is 2 May 2025.

The Notice of Meeting and supporting materials, including the full text of the
proposed changes to the articles of association, the report of the board of
directors with respect to the requested authorisation to waive, limit and
suppress the preferential subscription rights of existing shareholders, as well
as copies of the 2024 statutory and consolidated financial statements of the
Company can be found on the Company's website, subsea7.com
(https://www.subsea7.com/en/investors/shareholder-centre/general-meetings.html).

Due to the fact that the Company is incorporated in Luxembourg, the Company's
affairs are governed by the provisions of Luxembourg company law. Under these
provisions and the provisions of the Company's articles of association, the AGM
and EGM will be restricted to the administrative matters set out in the Notice
of Meeting. Please note that the proposed combination of Subsea7 and Saipem, as
announced on 23 February 2025, will not form part of the agenda at the EGM. An
extraordinary general meeting will be convened at a later date in relation to
the proposed combination.

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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
5-12 the Norwegian Securities Trading Act.
This stock exchange release was published by Katherine Tonks, Investor
Relations, Subsea7, on 25 March 2025 at 10:30 CET.

More information:
Access the news on Oslo Bors NewsWeb site

642133_SUBC Subsea 7 SA proposed amendments to the articles.pdf
642133_SUBC Report of Board of Subsea 7 SA for May 2025 EGM.pdf
642133_SUBC AGM EGM notice 2025.pdf
642133_SUBC AGM EGM Materials 2025.pdf