Luxembourg - July 5, 2012 - Subsea 7 S.A. (Oslo Børs: 
SUBC) (the "Company") announced today the impact of 
the $0.60 dividend (payment date July 5 2012 for 
holders of common shares, on or around July 10 2012 
for holders of the ADRs) on the conversion price of 
$500 million 2.25% Convertible Notes due 2013.
In accordance with their respective terms and 
conditions, the new conversion price of the $500 
million 2.25% Convertible Notes due 2013 will be 
$21.76 in accordance with Condition 6 (b) (iii).
The Company will inform holders of its convertible 
loan notes in due course of the impact of the 
dividend in kind of the common shares in Veripos Inc.
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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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For further information, please contact:
Paul Gooden
Subsea 7 S.A.
+44 (0)20 8210 5568
paul.gooden@subsea7.com
www.subsea7.com