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    Subsea 7/Acergy to hold merger meeting

    Company News // September 23, 2010

    Subsea 7 has announced the date of the Court Meeting and Extraordinary General Meeting (EGM) that are being convened in connection with a Scheme of Arrangement process under Cayman Islands law to approve the Combination of the business of Subsea 7 Inc. with Acergy SA.
     
    The Notices and supporting materials can be found on Subsea 7ís website: http://www.subsea7.com/combination.php.
     
    The Court Meeting and EGM of shareholders will be held on Tuesday November 9, 2010 at the offices of Maples and Calder, Ugland House, South Church Street, Grand Cayman, Cayman Islands at 2.00pm and 2.30pm Cayman Islands time respectively.  All shareholders of record as of 8.00am Oslo time on Tuesday November 9, 2010 will be entitled to vote.

    The purpose of the Court Meeting is to approve the Scheme of Arrangement in order to give effect to the Combination. The purpose of the EGM is to approve certain resolutions that will facilitate the implementation of the Scheme of Arrangement and the Combination.
     
    The notices of the Court Meeting and EGM, including the Circular, will be distributed to all eligible shareholders no later than Thursday September 30, 2010. The deadline for submission of proxy forms is 24hrs before the meeting (by 8.30pm Oslo time on Monday November 8 2010) alternatively shareholders can attend in person or hand their proxy forms to the Chairman at the Court Meeting or subsequent EGM.

                                                                         

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