Tranche Update on Subsea 7 S.A. (OB:SUBC)'s Equity Buyback Plan announced on July 25, 2019.

Subsea 7 S.A. is a world leader in offshore engineering, construction, and installation services for the oil and gas industry. Net sales break down by activity as follows: - subsea infrastructure construction and installation services (82.3%): gas pipelines, oil pipelines, umbilicals, etc.; - offshore installations maintenance and repair services (16%); - other (1.7%). Net sales are distributed geographically as follows: Norway (22%), Brazil (18.8%), the United Kingdom (16.7%), the United States (10.6%), Taiwan (6%), Australia (4.1%), Saudi Arabia (3.8%) and other (18%).