Subsea 7 share repurchases

Luxembourg  - 7 March 2022 -  Subsea 7 S.A. (Oslo  Børs: SUBC, ADR: SUBCY) today
announced  transactions made in  accordance with its  share repurchase programme
from 3 March 2022.

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.

In the period from 3 March 2022 until 4 March 2022 Subsea 7 S.A. has repurchased
a  total of 528,000 own shares at the Oslo Stock Exchange at an average price of
NOK 70.3502 per share.

 Overview of transactions
+----------------------+------------------+----------------+-------------------+
|                      |                  |Weighted average|                   |
|                      |  Aggregated daily| share price per|        Total daily|
|                      |            volume|             day|  transaction value|
|                      |(number of shares)|           (NOK)|              (NOK)|
+----------------------+------------------+----------------+-------------------+
|03 March 2022         |           246,000|         71.0061|         17,467,501|
+----------------------+------------------+----------------+-------------------+
|04 March 2022         |           282,000|         69.7781|         19,677,424|
+----------------------+------------------+----------------+-------------------+
|Previously disclosed  |                  |                |                   |
|share repurchases     |                  |                |                   |
|under the programme   |                  |                |                   |
|(accumulated)         |         4,352,140|         62.4737|        271,894,130|
+----------------------+------------------+----------------+-------------------+
|Accumulated under the |                  |                |                   |
|share repurchase      |                  |                |                   |
|programme             |         4,880,140|         63.3259|        309,039,055|
+----------------------+------------------+----------------+-------------------+


 The issuer's holding of own shares:
 Following the completion of the above transactions, Subsea 7 S.A. owns a total
 of  5,062,107 of its  own shares,  corresponding to  1.69% 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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