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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 June 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

3.1%

5 Trinity Street Asset Management LLP  2.6%
6 DNB Asset Management AS 2.3%
7 Storebrand Kapitalforvaltning AS 2.2%
8 The Vanguard Group Inc. 2.0%
9 SAFE Investment Company Limited 1.9%
10 Robotti & Company Advisors, LLC 1.9%
11 Pareto Asset Management AS 1.8%
12 Alfred Berg Kapitalforvaltning AS 1.7%
13 KLP Forsikring 1.7%
14 Nordea Funds Oy 1.5%
15 Mandarine Gestion 1.2%
16 ODIN Forvaltning AS 1.2%
17 BlackRock Investment Management (UK) Ltd 0.9%
18 Alken Asset Management Ltd  0.9%
19 Dimensional Fund Advisors, L.P. 0.8%
20 State of Wisconsin Investment Board 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 1 October 2021, Subsea 7 S.A. held 1,809,935 treasury shares representing approximately 0.60% of the total number of issued shares. Announcements regarding changes to the number of shares held in treasury can be found under Regulatory News.