Subsea 7 S.A. share buyback

Luxembourg - June 27, 2012 - Subsea 7 S.A. (Oslo
Børs: SUBC) (the "Company"). On June 26 2012 the
Company purchased 255,000 of its shares at an average
price of NOK 108.47 per share. This represents
approximately 0.07% of the Company's issued share
capital.
The shares were purchased in accordance with the
Company's share repurchase programme previously
announced on March 16, 2012. The shares have been
acquired on the Oslo Børs according to the authority
granted by the Board.
As at June 26, 2012, Subsea 7 S.A. held indirectly
18,179,197 treasury shares representing 5.17% of the
total number of issued shares. In addition, 914,000
shares were held in an employee benefit trust to
support the 2009 Long-Term Incentive Plan and a
further 1,640,716 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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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@subse