Subsea 7 S.A. mandatory notification of share trades

Luxembourg – 01 December 2020 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announces mandatory notification of the following share transaction by a primary insider.

Siem Industries has entered into an OTC Option structure with a total of five legs and the underlying shares being Subsea 7 S.A.(OSE symbol SUBC) shares. The bought Puts for an aggregate of 1,140,600 shares and sold Calls with an aggregate of 836,600 shares, are:

Expiry	Bought Put	Sold Call	Strike price
	Underlying shares	Underlying shares	NOK
2020 Dec 18	353,000	-	79
2020 Dec 18	300,000	-	85
2020 Dec 18	-	349,000	94
2020 Dec 18	487,600	487,600	85

These positions have been entered into to offset part of the derivative positions held by the Company with maturity 18 December 2020.

Siem Industries is represented on the Board of Directors of Subsea 7 S.A. by Kristian Siem, Subsea 7’s Chairman.

AFTER THIS NOTIFICATION
Number of Shares owned by Primary Insider	Owned Shares: 73,522,977 Performance Shares: n/a Restricted Shares: n/a
Number of options available to Primary Insider	Options: 10,801,200

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Subsea 7 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.

Subsea 7 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
katherine.tonks@subsea7.com
www.subsea7.com

Attachment

• SUBC Mandatory Notification 011220