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Major Shareholders

Subsea 7 conducts a monthly review of shareholders registered at nominee accounts. The 20 largest shareholders as at 31 October 2022(a) were:

1 Siem Industries S.A. 23.4%
2 Folketrygdfondet 7.7%
3 BlackRock Institutional Trust Company, N.A. 4.0%
4 DNB Asset Management AS 2.3%
5 Storebrand Kapitalforvaltning AS 2.3%
6 The Vanguard Group, Inc. 2.1%
7 KLP Fondsforvaltning AS 1.9%
8 SAFE Investment Company Limited 1.9%
9 Pareto Asset Management AS 1.9%
10 ODIN Forvaltning AS 1.6%
11 Robotti & Company Advisors, LLC 1.6%
12 Capital Research Global Investors 1.5%
13 Artisan Partners Limited Partnership 1.2%
14 Alfred Berg Kapitalforvaltning AS 1.2%
15 Alken Asset Management Ltd 1.0%
16 Third Avenue Management LLC 1.0%
17 Cobas Asset Management, SGIIC, SA 0.9%
18 Nordea Funds Oy 0.9%
19 Holberg Fondsforvaltning AS 0.8%
20 Dimensional Fund Advisors, L.P. 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 6 October 2022, Subsea 7 S.A. held 9,794,267  treasury shares representing approximately 3.26% of the total number of issued shares. Announcements regarding changes to the number of shares held in treasury can be found under Regulatory News.