CONTRACT EXTENSION FOR CSV "NORMAND SUBSEA"

Subsea 7 has declared their option to extend the
contract for the construction vessel "Normand Subsea"
with one year from March 2015. This is the second of
a total of four yearly options.

Contacts: Lars Peder Solstad and Sven Stakkestad
(phone +47 52 85 65 00).

Skudeneshavn, 12. August 2014

This information is subject of the disclosure
requirements acc. to ยง5-12 vphl (Norwegian Securities
Trading Act)