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Regulatory press release

SUBC: Subsea 7 S.A. mandatory notification of share trades

Subsea 7
Luxembourg - 22 June 2023 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY)
announces mandatory notification of the following share transaction by a primary
insider.

Siem Industries S.A., which is represented on the board of Subsea 7 S.A. by
Kristian Siem, legal representative for Treveri s.a.r.l., purchased 500,000
shares in Subsea 7 S.A. (OSE symbol SUBC), at a price of NOK110.89 per share, on
22 June 2023. Following this transaction, the aggregate number of shares held by
Siem Industries S.A. in Subsea 7 S.A. is 70,829,916.

+--+---------------------------------------------------------------------------+
|1 |Details of the person discharging managerial responsibilities/person |
| |closely associated |
| |  |
+--+-----------------------------------+---------------------------------------+
|a)| |Siem Industries S.A., 36-38 Grand Rue, |
| |Name |L-1660 Luxembourg, LUXEMBOURG |
| | |LEI: 549300N2HGK6EBHM3F03 |
+--+-----------------------------------+---------------------------------------+
|2 |Reason for the notification |
| |  |
+--+-----------------------------------+---------------------------------------+
|a)| |Siem Industries S.A. is a close |
| | |associate of Mr. Kristian Siem, legal |
| |Position/status |representative of Treveri s.a.r.l, |
| | |Chairman of the Board of the Issuer and|
| | |Primary Insider. |
+--+-----------------------------------+---------------------------------------+
|b)|Initial notification/ Amendment |Initial notification |
+--+-----------------------------------+---------------------------------------+
|3 |Details of the issuer, emission allowance market participant, auction |
| |platform, auctioneer or auction monitor |
| |  |
+--+-----------------------------------+---------------------------------------+
|a)|Name |Subsea 7 S.A. |
+--+-----------------------------------+---------------------------------------+
|b)|LEI |222100AIF0CBCY80AH62 |
+--+-----------------------------------+---------------------------------------+
|4 |Details of the transaction(s): section to be repeated for (i) each type of |
| |instrument
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