Mandatory notification of trade

PURCHASE OF SHARES
Name of Primary Insider: John Evans
Position in Subsea 7 SA: Chief Operating Officer
Date of Transaction: Aug 9 2012
Type of Transaction: Vesting (award) of restricted
shares
Type of Security traded: Subsea 7 SA shares (SUBC.NO)
Number of shares purchased: 63,900
Price purchased at: NOK 136.0655

SALE OF SHARES
Name of Primary Insider: John Evans
Position in Subsea 7 SA: Chief Operating Officer
Date of Transaction: Aug 9 2012
Type of Transaction: Sale of shares to satisfy tax
charge on vesting of restricted shares
Type of Security traded: Subsea 7 SA shares (SUBC.NO)
Number of shares sold: 33,429
Price sold at: NOK 136.0655

AFTER THIS NOTIFICATION
Number of Shares owned by Primary Insider
Owned Shares: 31,600
Performance Shares: 0 Restricted
Shares: 72,774
Number of options available to Primary Insider
Options: 0