Luxembourg - 13 December 2021 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY)
today announced transactions made in accordance with its share repurchase
programme during the week commencing 6 December 2021.

In  the period from 6 December until  8 December Subsea 7 S.A. has repurchased a
total  of 380,290 own shares at  the Oslo Stock Exchange  at an average price of
NOK 64.7553 per share.

Date on which the share repurchase programme was announced: 25 July 2019, with a
two-year extension announced on 16 April 2021.

The duration of the share repurchase programme: until 14 April 2023.

 Overview of transactions
+----------------------+------------------+----------------+-------------------+
|                      |                  |Weighted average|                   |
|                      |  Aggregated daily| share price per|        Total daily|
|                      |            volume|             day|  transaction value|
|Dates                 |(number of shares)|           (NOK)|              (NOK)|
+----------------------+------------------+----------------+-------------------+
|06 December 2021      |           138,790|         64.3038|          8,924,724|
+----------------------+------------------+----------------+-------------------+
|07 December 2021      |           134,500|         65.2301|          8,773,448|
+----------------------+------------------+----------------+-------------------+
|08 December 2021      |           107,000|         64.7440|          6,927,608|
+----------------------+------------------+----------------+-------------------+
|Previously disclosed  |                  |                |                   |
|share repurchases     |                  |                |                   |
|under the programme   |                  |                |                   |
|(accumulated)         |         3,971,850|         62.2552|        247,268,349|
+----------------------+------------------+----------------+-------------------+
|Accumulated under the |                  |                |                   |
|share repurchase      |                  |                |                   |
|programme             |         4,352,140|         62.4737|        271,894,130|
+----------------------+------------------+----------------+-------------------+


 The issuer's holding of own shares:
 Following the completion of the above transactions, Subsea 7 S.A. owns a total
 of  4,534,107 of its  own shares,  corresponding to  1.51% of the issued share
 capital  of Subsea  7 S.A. Total  shares in  issue, including treasury shares,
 were 300,000,000.



 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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Subsea  7 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.

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

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