Subsea 7 S.A. ("Subsea7") has today informed Seaway 7 ASA ("Seaway7") that
Subsea7 has acquired 11,200,672 shares in Seaway7.

Subsea7 is a close associate of Kristian Siem, Chairman of the Board of
Directors of Subsea7 and primary insider in Seaway7.

Please see the attached notification for further information. 

This information is subject to the disclosure requirements in article 19 of
Regulation (EU) No 596/2014 (the EU Market Abuse Regulation) and section 5-12 of
the Norwegian Securities Trading Act.

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