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Subsea 7 Appoints New Non-Executive Director to Board of Directors

03/20/2012

Subsea 7 S.A. announces that the Board of Directors has appointed Eystein Eriksrud as a Non-Executive Director to the Board of Directors returning the Board to its complement of nine Directors. Eystein Eriksrud (42) is the Deputy CEO of the Siem Industries Group. Prior to joining Siem Industries in October 2011, Mr Eriksrud was partner of the Norwegian law firm Wiersholm Mellbye & Bech since 2005 working as a business lawyer with an internationally oriented practice in mergers and acquisitions, company law and securities law, particularly in the shipping, offshore and oil service sectors. He is a Norwegian citizen. Mr. Eriksrud will serve for an initial term expiring at the 2012 Annual General Meeting to be held in Luxembourg in June 2012, at which Meeting he will then seek re-election.

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