Luxembourg -21 December 2020 -Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announces mandatory notification of the following share transaction by a primary insider: SIEMINDUSTRIES S.A. which is represented on the board ofSubsea 7 S.A. byKristian Siem announces that it has on18 December 2020 delivered 487,600 SUBC shares under a call option agreement entered into on30 November 2020 with a strike price ofNOK 85 per share. Following this transaction, the aggregate number of shares held bySiem Industries S.A. is 73,035,377. It has outstanding sold put options for 1,693,000 SUBC shares. ***********************************************************************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. *********************************************************************** Contact for investment community enquiries:Katherine Tonks Investor Relations Director Tel +44 20 8210 5568 katherine.tonks@subsea7.com www.subsea7.com
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