Luxembourg - May 3, 2012 - Subsea 7 S.A. (Oslo Børs: 
SUBC) (the "Company"). On May 2, 2012 the Company 
purchased 5,000 of its shares at an average price of 
NOK 148.00 per share. This represents approximately 
0.001% 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 May 2, 2012, Subsea 7 S.A. held indirectly 
14,013,014 treasury shares representing 3.98% 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 1,707,985 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.

******************************************************
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.
******************************************************

For further information, please contact:
Karen Menzel
Subsea 7 S.A.
+44 (0)20 8210 5568
karen.menzel@subsea7.com
www.subsea7.com

If you no longer wish to receive our press releases 
please contact: ir@subsea7.com