April 17, 2024
SBM Offshore reports the transaction details related to its EUR65 million (c. US$70 million) share repurchase program for the period April 11, 2024 through April 17, 2024.
The repurchases were made under the EUR65 million share repurchase program announced on February 29, 2024 and effective from March 1, 2024. The objective of the program is to reduce share capital. Information regarding the progress of
the share repurchase program and the aggregate of the transactions (calculated on a daily basis) for the period March 1, 2024 through April 17, 2024 can be found in the top half of the table below. Further detailed information regarding
both the progress of the share repurchase program and all individual transactions can be accessed via the Investors section of the Company's website.
Share Repurchase Program
Overall progress Share Repurchase Program:

 Total Repurchase Amount                                 EUR 65,000,000
 Cumulative Repurchase Amount                             EUR 9,665,366
 Cumulative Quantity Repurchased                                679,028

Cumulative Average Repurchase

 Price                                                        EUR 14.23
 Start Date                                               March 1, 2024
 Percentage of program completed as of April 17, 2024            14.87%

Overview of details of last 5 trading days:

                          Quantity     Average Purchase      Settlement
 Trade Date            Repurchased                Price          Amount

------------------------------------------------------------------------

 April 11, 2024             22,172            EUR 14.67     EUR 325,330
 April 12, 2024              6,768            EUR 14.78     EUR 100,051
 April 15, 2024              7,136            EUR 14.53     EUR 103,675
 April 16, 2024             42,254            EUR 14.14     EUR 597,420
 April 17, 2024             28,524            EUR 14.36     EUR 409,597

------------------------------------------------------------------------
Total 106,854 EUR 14.38 EUR 1,536,073
------------------------------------------------------------------------
(1)All shares purchased via Euronext Amsterdam, CBOE DXE and or Turquoise
This press release contains information which is to be made publicly available under the Market Abuse Regulation (nr. 596/2014). The information concerns a regular update of the transactions conducted under SBM Offshore's current share repurchase program, as announced by the Company on February 29, 2024, details of
which are available on its website.
Corporate Profile
SBM Offshore designs, builds, installs and operates offshore floating facilities
for the offshore energy industry. As a leading technology provider, we put our marine expertise at the service of a responsible energy transition by reducing emissions from fossil fuel production, while developing cleaner solutions for alternative energy sources.
More than 7,400 SBMers worldwide are committed to sharing their experience to deliver safe, sustainable and affordable energy from the oceans for generations to come.
For further information, please visit our website at www.sbmoffshore.com (http://www.sbmoffshore.com).
Financial Calendar Date Year
-------------------------------------------------------------

  First Quarter 2024 Trading Update             May 8   2024
  Half Year 2024 Earnings                    August 8   2024
  Third Quarter 2024 Trading Update       November 14   2024
  Full Year 2024 Earnings                 February 20   2025
  Annual General Meeting                      April 9   2025

For further information, please contact:
Investor Relations
Wouter Holties
Corporate Finance & Investor Relations Manager

 Mobile:  +31 (0) 6 23 34 37 64
          wouter.holties@sbmoffshore.com
 E-mail:  (mailto:wouter.holties@sbmoffshore.com)

Website: www.sbmoffshore.com (http://www.sbmoffshore.com)
Media Relations
Evelyn Tachau Brown
Group Communications & Change Director

 Mobile:  +377 (0) 6 40 62 30 34
          evelyn.tachau-brown@sbmoffshore.com            (mailto:evelyn.tachau-
 E-mail:  brown@sbmoffshore.com)

Website: www.sbmoffshore.com (http://www.sbmoffshore.com)
Market Abuse Regulation
This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
Disclaimer
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. These statements may be identified by words such as 'expect', 'should', 'could', 'shall' and similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the 'Impact, Risk and Opportunity Management'
section of the 2023 Annual Report.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company's business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore 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 new information, subsequent events or otherwise.
Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release "SBM Offshore" and "SBM" are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.
"SBM Offshore(®)", the SBM logomark, "Fast4Ward(®)", "emissionZERO(®)" and "Float4Wind(®)" are proprietary marks owned by SBM Offshore.
Â