Roeland Baan and Bernard Bajolet proposed as members of the Supervisory Board SBM Offshore

February 8, 2018

SBM Offshore announces that during the Annual General Meeting of Shareholders (AGM) to be held on April 11, 2018, it will be proposed to appoint Roeland Baan and Bernard Bajolet as members of the Supervisory Board as per that date. During the AGM, it will also be proposed to re-appoint Francis Gugen for two years as his second term expires at the AGM.

Roeland Baan is President and CEO of Outokumpu (a global stainless steel producer) and has extensive international and senior management experience in various industries.

Until May 2017 Bernard Bajolet was Director-General for External Security (DGSE) in France. Before that he was ambassador of France to various countries.

Frans Cremers and Lynda Armstrong will retire from the Supervisory Board after expiry of their second and first term respectively at the AGM on April 11, 2018.  Floris Deckers will succeed Frans Cremers as Chairman of the Supervisory Board as per that date. 

Further information with respect to the proposed (re-)appointments will be included in the agenda and notice of the AGM of April 11, 2018 which will be available at www.sbmoffshore.com as of February 28, 2018.

Corporate Profile

SBM Offshore N.V. is a listed holding company that is headquartered in Amsterdam. It holds direct and indirect interests in other companies that collectively with SBM Offshore N.V. form the SBM Offshore Group ("the Company").

SBM Offshore provides floating production solutions to the offshore energy industry, over the full product lifecycle. The Company is market leading in leased floating production systems delivered to date, with multiple units currently in operation and has unrivalled operational experience in this field. The Company's main activities are the design, supply, installation, operation and the life extension of floating production solutions for the offshore energy industry.

As of December 31, 2017, Group companies employ approximately 4,800 people worldwide. Full time company employees totaling c. 4,300 are spread over offices in key markets, operational shore bases and the offshore fleet of vessels. A further 500 are working for the joint ventures with two construction yards. For further information, please visit our website at www.sbmoffshore.com.

The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate entities. In this communication "SBM Offshore" is sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general, or where no useful purpose is served by identifying the particular company or companies.

The Supervisory Board
Amsterdam, the Netherlands, February 8, 2018

Note:  date in bold was changed from May 10, 2018 before market opening to May 9, 2018 after market close as communicated in the press release of November 8, 2017.

   
For further information, please contact:

Investor Relations
Bert-Jaap Dijkstra
Director Corporate Finance 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.