Luxembourg – 23 September 2026 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) (the “Company”) in accordance with the Oslo Børs rules, today announces the details of awards under its 2022 Long-Term Incentive Plan (the “Plan”) approved by the Board on 23 September 2026.

The Company will make awards of 826,231 performance shares, subject to the Plan’s performance conditions, on 23 September 2026.

The following Primary Insiders were awarded performance shares under the Plan and subsequently hold the following shares and options:

Name
Position
Performance Shares Awarded
Total Performance Shares(¹)
Total Owned Shares
Total Options
Stuart Fitzgerald
Chief Executive Officer
25,600
146,483
48,561
Nil
Mark Foley
Chief Financial Officer
24,350
160,277
11,704
Nil
Lloyd Duthie
Chief Executive Officer – Seaway7
16,400
86,538
Nil
Nil
Nathalie Louys
General Counsel
17,500
123,324
35,012
Nil
Katherine Lyne
EVP – Human Resources
15,150
114,736
23,740
Nil
Aoibheann Rogers
Chief Commercial Officer
16,400
71,233
Nil
Nil
Phillip Simons
Chief Operating Officer
18,500
139,383
20,971
Nil
Marcelo Lopes Xavier
EVP – Strategy & Sustainability
17,300
114,482
10,972
Nil

¹Total performance shares held include the awards made in 2026 and represent the maximum award due to vest assuming all performance conditions are met.

This message is submitted on behalf of Subsea 7 S.A., as well as the named Primary Insiders.

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Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.

Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.
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Contact for investment community enquiries:
Katherine Tonks
Investor Relations Director
Tel +44 (0)20 8210 5568
ir@subsea7.com

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