Subsea 7: Repurchase of convertible bonds

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Subsea 7 S.A. announced that, through market purchases on 15 December 2015, it has bought bonds totalling USD 9,600,000 in nominal value at an average price of 93.50 of the USD 700 million 1.00% Subsea 7 S.A. Convertible Bond Issue 2012/2017 (ISIN NO 001 066 116 8).

Following the purchase, the Company holds bonds with an aggregate nominal value of USD 151,800,000 representing approximately 21.7% of the 1.00% Subsea 7 S.A. Convertible Bond Issue 2012/2017 (ISIN NO 001 066 116 8).

Subsea 7 S.A. is a leading global contractor in seabed- to-surface engineering, construction and services to the offshore energy industry, providing technical solutions to enable the delivery of complex projects in all water depths and challenging environments.

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