Luxembourg  -  2 May  2019 -  Subsea  7 S.A.  (Oslo Børs: SUBC, ADR: SUBCY, ISIN
LU0075646355)  (the Company) announced that in accordance with the delegation of
authority   given   to  the  Board  at  the  Extraordinary  General  Meeting  of
shareholders  held on 27 November  2014, 15,000,000 Common Shares currently held
in treasury, representing 4.58% of the number of issued common shares, were duly
cancelled. As a result, the issued share capital of the Company has been reduced
by USD 30 million.

Following   the  cancellation,  Subsea  7 S.A.  held  2,445,718 treasury  shares
representing  0.78% of the total number of issued shares. Total shares in issue,
including treasury shares, were 312,367,111.

The updated Articles of Incorporation of the Company reflecting the reduction in
the issued share capital are available on the Company's website.

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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.

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Contact for investment community enquiries:
Isabel Green
Investor Relations Director
Tel +44 20 8210 5568
isabel.green@subsea7.com
www.subsea7.com

Forward-Looking  Statements: Certain  statements made  in this  announcement may
include  'forward-looking statements'. These statements may be identified by the
use  of  words  like  'anticipate',  'believe',  'could',  'estimate', 'expect',
'forecast', 'intend', 'may', 'might', 'plan', 'predict', 'project', 'scheduled',
'seek',   'should',   'will',   and  similar  expressions.  The  forward-looking
statements reflect our current views and are subject to risks, uncertainties and
assumptions.  The principal risks and uncertainties which could impact the Group
and  the factors  which could  affect the  actual results  are described but not
limited  to those in the 'Risk Management'  section in the Group's Annual Report
and  Consolidated Financial Statements 2018. These factors, and others which are
discussed in our public announcements, are among those that may cause actual and
future  results  and  trends  to  differ  materially  from  our  forward-looking
statements:  actions  by  regulatory  authorities  or  other  third parties; our
ability   to  recover  costs  on  significant  projects;  the  general  economic
conditions  and competition in  the markets and  businesses in which we operate;
our   relationship   with   significant   clients;  the  outcome  of  legal  and
administrative  proceedings or governmental enquiries; uncertainties inherent in
operating  internationally; the timely delivery of  vessels on order; the impact
of   laws   and   regulations;  and  operating  hazards,  including  spills  and
environmental damage. Many of these factors are beyond our ability to control or
predict. Other unknown or unpredictable factors could also have material adverse
effects  on our future results. Given these  factors, you should not place undue
reliance on the forward-looking statements.