Subsea 7 S.A. ex-dividend

Luxembourg - June 26, 2012 - Subsea 7 S.A. (Oslo
Børs: SUBC) (the "Company") announced today that
shares in the Company will trade exclusive of both
the $0.60 dividend per common share and the dividend
in kind of the common shares in Veripos Inc,
following approval at the 2012 Annual General Meeting
of Shareholders. The record date for both dividends
will be June 28.
The Company notes that the Oslo Børs, in its June 14
notice, said that it "has in cooperation with market
participants estimated the value of Veripos to (be)
$0.2687/share"; and that "the total dividend is
hence $0.8687".
As previously announced, a holding of ten common
shares in the Company entitles the holder to one
share in Veripos Inc. For ADR holders, the Company
has instructed the depositary bank to sell any common
shares in Veripos Inc. and to distribute the cash
proceeds to ADR holders. Further information will be
provided by the depositary bank.
The payment date of the $0.60 dividend will be July 5
to holders of common shares and on or around July 10
ADR holders. Veripos Inc will be listed on or around
July 26.
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Subsea 7 S.A. is a seabed-to-surface engineering,
construction and services contractor to the offshore
energy industry worldwide. We provide integrated
services, and we plan, design and deliver complex
projects in harsh and challenging environments.
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For further information, please contact:
Paul Gooden
Subsea 7 S.A.
+44 (0)20 8210 5568
paul.gooden@subsea7.com