Mandatory notification of trade

PURCHASE OF SHARES
Name of Primary Insider: Steve Wisely
Position in Subsea 7 SA: Executive VP - Commercial
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: 53,676
Price purchased at: NOK 136.0655

SALE OF SHARES
Name of Primary Insider: Steve Wisely
Position in Subsea 7 SA: Executive VP - Commercial
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: 28,081
Price sold at: NOK 136.0655

AFTER THIS NOTIFICATION
Number of Shares owned by Primary Insider:
· Owned Shares: 25,595
· Performance Shares: 0
· Restricted Shares: 42,883
Number of options available to Primary Insider:
· Options: 0