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Major Shareholders

Subsea 7 conducts a monthly review of shareholders registered at nominee accounts. The 20 largest shareholders as at 30 June 2022(a) were:

1 Siem Industries S.A. 23.1%
2 Folketrygdfondet 7.7%
3 BlackRock Institutional Trust Company, N.A. 4.0%
4 DNB Asset Management AS 2.7%
5 Storebrand Kapitalforvaltning AS 2.2%
6 The Vanguard Group, Inc. 2.1%
7 KLP Forsikring 2.0%
8 SAFE Investment Company Limited 1.9%
9 Pareto Asset Management AS 1.9%
10 ODIN Forvaltning AS 1.8%
11 Robotti & Company Advisors, LLC 1.6%
12 Capital Research Global Investors 1.5%
13 Nordea Funds Oy 1.2%
14 Alfred Berg Kapitalforvaltning AS 1.0%
15 Third Avenue Management LLC 1.0%
16 Cobas Asset Management, SGIIC, SA 0.9%
17 Holberg Fondsforvaltning AS 0.9%
18 BlackRock Investment Management (UK) Ltd. 0.8%
19 MP Pensjon 0.8%
20 Schroder Investment Management Ltd. (SIM) 0.8%

a) The data is provided by Nasdaq, Inc and is obtained through an analysis of beneficial ownership and fund manager information. This is provided in response to disclosure of ownership requests.

b) Changes to Major Shareholders can be found here. Changes to the holdings of Siem Industries S.A can be found here

On 1 August 2022, Subsea 7 S.A. held 10,152,062  treasury shares representing approximately 3.38% of the total number of issued shares. Announcements regarding changes to the number of shares held in treasury can be found under Regulatory News.