Subsea 7 announces Seaway 7 ASA executive team

Luxembourg – 2 September 2021 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the proposed executive team for Seaway 7 ASA, the company resulting from the planned combination¹ of its Renewables business unit with OHT ASA (Oslo Børs: OHT).

Seaway 7 ASA will be managed by an experienced executive team led by Stuart Fitzgerald as Chief Executive Officer. Both companies are pleased to confirm the following appointments, who will report to Stuart Fitzgerald.

• Torgeir E. Ramstad, EVP Vessels and Offshore Resources
• Steph McNeill, Chief Operating Officer
• Harke Jan Meek, Chief Commercial Officer
• Mark Hodgkinson, Chief Financial Officer

^{1The combination is subject to customary approvals.}