Luxembourg - March 1, 2012 - Subsea 7 S.A. 
(the "Company") (Oslo Børs: SUBC) announced today 
that following the delisting of the Company's ADRs 
from NASDAQ on March 7, 2011 the Company intends to 
make the necessary filings with the Securities and 
Exchange Commission (SEC) on March 8, 2012 to 
voluntarily deregister and terminate its reporting 
obligations under the Securities Exchange Act of 
1934. The Company's SEC reporting obligations will be 
immediately suspended on March 8, 2012 and therefore, 
the Company will not be required to file an Annual 
Report on Form 20-F for the 2011 fiscal year which 
ended on December 31, 2011. Deregistration is 
expected to be final and effective on June 7, 2012.

US trading volumes over the past 12 months accounted 
for less than 3% of the worldwide trading volume of 
the Company's shares. Considering the relatively 
limited trading volume in the US, the Company 
believes that the costs and expenses associated with 
maintaining a dual listing, including SEC reporting 
obligations, outweigh the benefits of continuing its 
US listing and registration.

The Company intends to maintain its American 
Depositary Receipt (ADR) facility with Deutsche Bank 
as a Level 1 ADR programme, whereby the Company's 
American Depositary Shares (ADS) will continue to 
trade in the US over-the-counter market. Each Subsea 
7 ADR represents one Subsea 7 ADS. As at January 31, 
2012 there were 16,245,253 ADSs in issue. The 
Company's common shares will continue to trade on the 
Oslo Børs.

The Company will continue to prepare its consolidated 
financial statements in accordance with International 
Financial Reporting Standards ('IFRS') as issued by 
the International Accounting Standards Board ('IASB') 
and as adopted by the European Union ('EU'), and will 
continue to publish and disseminate its financial 
statements and announcements including Oslo Børs 
filings, statements and other announcements as well 
as other information for investors in English via the 
OAM service in Luxembourg, the Oslo Børs News 
Service, as well as via the Company's website: 
www.subsea7.com


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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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Contact:
Karen Menzel
Subsea 7 S.A.
+44 (0)20 8210 5568
karen.menzel@subsea7.com
www.subsea7.com

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