SBM Offshore N.V.: SBM Offshore finalises rights offering

22 April 2013

SBM Offshore announces in connection with its 1 for 10 rights offering of 18,914,221 new ordinary shares in its capital with a nominal value of EUR 0.25 each (the "Offer Shares"), that the issuance of, payment for and delivery of 18,507,445 Offer Shares which were subscribed for through the exercise of transferable subscription rights has taken place today. Furthermore, the remaining 406,776 Offer Shares that were issuable upon the exercise of rights, but that have not been subscribed for during the exercise period, have been subscribed and paid for by HAL Investments B.V. ("HAL") today.

After the issuance of, payment for and delivery of the Offer Shares, HAL holds 28,074,871 ordinary shares in SBM Offshore, representing 13.5% of the issued share capital of SBM Offshore. The shares HAL acquired through the rights offering and the private placement on 20 December 2012 are subject to a lock-up period of one year as of 20 December 2012.

Corporate Profile

SBM Offshore N.V. is a listed holding company that is headquartered in Schiedam. 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 life-cycle. The Company is market leading in leased floating production systems with multiple units currently in operation, and has unrivalled operational experience in this field. The Company's main activities are the design, supply, installation and operation of Floating Production, Storage and Offloading (FPSO) vessels. These are either owned and operated by SBM Offshore and leased to its clients or supplied on a turnkey sale basis.

Group companies employ over 7,400 people worldwide, who are spread over five execution centres, eleven operational shore bases, several construction yards and the offshore fleet of vessels. 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 Board of Management                                                                                              
Schiedam, 22 April 2013

  
For further information, please contact:

Investor Relations
Sebastiaan de Ronde Bresser
Investor Relations Officer

Telephone:	([phone]
Mobile:	([phone]
E-mail:	[e-mail] (mailto:[e-mail])Â
Website:	www.sbmoffshore.com (http://www.sbmoffshore.com/)

Media Relations
Anne Guerin-Moens
Group Communications Director

Telephone:	([phone]
Mobile:	([phone]
E-mail:	[e-mail] (mailto:[e-mail])Â
Website:	www.sbmoffshore.com (http://www.sbmoffshore.com/)

To see the complete version of this Press Release, please click on the link below.

 

SBM Offshore Press Release (http://hugin.info/130754/R/1695106/557684.pdf)

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Source: SBM Offshore N.V. via Thomson Reuters ONE

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