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Major Shareholders

Subsea 7 conducts a quarterly review of shareholders registered at nominee accounts. The 20 largest shareholders as at 30 September 2021(a) were:

1

Siem Industries S.A (b)

23.1%

2

Folketrygdfondet

7.7%

3

BlackRock Institutional Trust Company, N.A.

3.8%

4

Fidelity Management & Research Company

2.7%

5 Trinity Street Asset Management LLP  2.6%
6 DNB Asset Management AS 2.2%
7 Storebrand Kapitalforvaltning AS 2.2%
8 The Vanguard Group Inc. 2.1%
9 SAFE Investment Company Limited 1.9%
10 Robotti & Company Advisors, LLC 1.8%
11 Pareto Asset Management AS 1.8%
12 KLP Forsikring 1.6%
13 Nordea Funds Oy 1.5%
14 ODIN Forvaltning AS 1.4%
15 Mandarine Gestion 1.1%
16 BlackRock Investment Management (UK) Ltd 0.9%
17 Third Avenue Management LLC 0.9%
18 Schroder Investment Management Ltd 0.9%
19 Alfred Berg Kapitalforvaltning AS 0.8%
20 SEB Investment Management AB 0.7%

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

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

At 5 December 2021, Subsea 7 S.A. held 4,153,817 treasury shares representing approximately 1.38% of the total number of issued shares. Announcements regarding changes to the number of shares held in treasury can be found under Regulatory News.