Subsea 7 S.A. Share repurchase

Luxembourg - November 19, 2013 - Subsea 7 S.A. (Oslo

Børs: SUBC, the 'Company') announced that on November

18 2013 the Company purchased 210,000 of its shares

at an average price of NOK 124.42 per share. This

represents approximately 0.06% of the Company's

issued share capital.



The shares were purchased in accordance with the

Company's share repurchase programme previously

announced on October 7, 2013. The shares have been

acquired on the Oslo Børs according to the authority

granted by the Board.



As at November 19, 2013, Subsea 7 S.A. held

indirectly 10,294,785 treasury shares representing

2.93% of the total number of issued shares. In

addition, 1,526,200 shares were held in an employee

benefit trust to support the Long-Term Incentive Plan

and a further 716,154 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.