News Column

Subsea 7 S.A. Share Repurchase

February 18, 2014

Luxembourg - 19 February 2014 - Subsea 7 S.A. (Oslo

BØrs: SUBC, the Company) announced that on 18

February 2014 the Company purchased 175,000 of its

shares at an average price of NOK 108.31 per share.

This represents approximately 0.05% of the Company's

issued share capital.

The shares were purchased in accordance with the

Company's share repurchase programme previously

announced on 7 October 2013. The shares have been

acquired on the Oslo BØrs according to the authority

granted by the Board.

As at close of business 6 February 2014Subsea 7 S.A.

held indirectly 15,322,046 treasury shares

representing 4.36% of the total number of issued

shares. In addition, 1,526,200 shares were held in an

employee benefit trust to support the Long-Term

Incentive Plan and a further 682,677 shares were held

in a separate employee benefit trust to support the

restricted stock award plan. Total shares in issue,

including treasury shares, were 351,793,731.

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Source: Oslo Bors Newsfeed

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