Luxembourg - 21 March 2014 - Subsea 7 S.A. (Oslo
Børs: SUBC; the Company) announced that on 20 March
2014 the Company purchased 24,441 of its shares at an
average price of NOK 103.67 per share. This
represents approximately 0.01% of the Company's
issued share capital.
The shares were purchased in accordance with the
Company's share repurchase programme previously
announced on 7 October 2013. The shares have been
acquired on the Oslo Børs according to the authority
granted by the Board.
As at close of business 20 March 2014 Subsea 7 S.A.
held indirectly 17,698,987 treasury shares
representing approximately 5.03% 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 682,677 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.