Subsea 7 S.A. (Oslo Børs: SUBC) announces that it has signed a contract to build a new heavy construction vessel which will be delivered in 2016.

The new vessel will be one of the most capable heavy construction vessels in Subsea 7’s fleet of over 40 ships. She will be deployed globally to meet increasing market demands for executing ever- larger and more complex projects. She will have 2,600m² deck area (for equipment carriage), a

600t Active Heave Compensated offshore crane, a 325t top tension vertical lay system and a 7,000t under-deck basket for storage of flexible pipes, umbilicals and cables. The vessel will be equipped with six main engines in two engine rooms designed to maximize performance in Dynamic Positioning Class III.

Korean company Hyundai Heavy Industries (HHI), one of the world’s largest shipbuilding companies, will build the new vessel. The main crane and the vertical lay system will be provided by Huisman.

Subsea 7 Executive Vice President Commercial Steve Wisely said: “This is another investment in our world class fleet so that we can continue to meet our clients’ demands for executing larger, more complex projects in deep and ultra-deepwater and in harsher environments.”