Subsea 7 announces completion of Siem Offshore Contractors acquisition

Luxembourg – 10 April 2018 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the completion of the acquisition of Siem Offshore Contractors GmbH (“Siem Offshore Contractors”) and two vessels, the inter-array cable lay vessel Siem Aimery and the support vessel Siem Moxie, from the Siem Offshore Group. On completion, Siem Offshore Contractors became a wholly-owned subsidiary of the Subsea 7 Group.

Following completion the results of Siem Offshore Contractors will be reported within the Renewables and Heavy Lifting business unit.