Changes in Supervisory Board

Mrs. Laurence Mulliez and Mr. Andy Brown will step down from the Supervisory Board.

After serving 6 years on the Supervisory Board, Mrs. Laurence Mulliez announced that she will step down at the time of the General Shareholder meeting on April 7, 2021.

Mr. Andy Brown will leave the board by year end 2020 to prepare for a role in another company in the course of 2021. Mr. Andy Brown joined the Supervisory Board in 2020.

Mr. Roeland Baan, Chairman of the Supervisory Board said:

“I thank both Laurence and Andy for their valuable contributions. Laurence has for many years contributed significantly in especially the development of the strategy of the Company in Renewables. Andy will be missed for his vast experience in the oil and gas industry. I wish both Laurence and Andy every success in the future.”

The Company has started the process to fill the vacancies in the Supervisory Board.

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 www.sbmoffshore.com.

The Management Board
Amsterdam, the Netherlands, December 21, 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.