SBM Offshore to nominate Supervisory Board members

February 13, 2020

SBM Offshore announces that during the Annual General Meeting of Shareholders to be held on April 8, 2020 (AGM), it will be proposed to appoint Andy Brown and Jaap van Wiechen as members of the Supervisory Board as per that date. During the AGM, it will also be proposed to re-appoint Francis Gugen for an extension of two years as his third term expires at the AGM.

Andy Brown has worked in Shell for 35 years. Since 2012, Andy was a member of the Executive Committee, stepping down in 2019 as Upstream Director.

Jaap van Wiechen is a member of the Executive Board of HAL Holding N.V. and director of HAL Investments B.V.

As announced earlier, both Floris Deckers and Tom Ehret retire from the Supervisory Board after the AGM after having completed the maximum term of twelve years of service. Roeland Baan will succeed Floris Deckers as Chairman of the Supervisory Board. If appointed to the Supervisory Board, Andy Brown will succeed Thomas Ehret as Vice-Chairman.

The agenda and notice of the AGM will be available at as of February 26, 2020.

Corporate Profile

The Company’s main activities are the design, supply, installation, operation and the life extension of floating production solutions for the offshore energy industry over the full lifecycle. The Company is market leading in leased floating production systems, with multiple units currently in operation.

As of December 31, 2019, the Company employs approximately 4,450 people worldwide spread over offices in our key markets, operational shore bases and the offshore fleet of vessels.

SBM Offshore N.V. is a listed holding company headquartered in Amsterdam, the Netherlands. It holds direct and indirect interests in other companies.

Where references are made to SBM Offshore N.V. and /or its subsidiaries in general, or where no useful purpose is served by identifying the particular company or companies “SBM Offshore” or “the Company” are sometimes used for convenience.

For further information, please visit our website at .

The Management Board

Amsterdam, the Netherlands, February 13, 2020

For further information, please contact:

Investor Relations

Bert-Jaap Dijkstra

Group Treasurer and IR

Media Relations

Vincent Kempkes

Group Communications Director

Disclaimer

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of the Company’s business to differ materially and adversely from the forward-looking statements. Certain such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by discussions of strategy, plans, or intentions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed, or expected. SBM Offshore NV does not intend, and does not assume any obligation, to update any industry information or forward-looking statements set forth in this release to reflect subsequent events or circumstances. Nothing in this press release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities.

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