SBM Offshore N.V.: SBM Offshore to nominate Supervisory Board member

February 17, 2021

SBM Offshore announces that during the Annual General Meeting of Shareholders to be held on April 7, 2021 (AGM), it will be proposed to appoint Ingelise Arntsen as member of the Supervisory Board as per that date.

Ingelise Arntsen has over 20 years of experience in the renewable energy industry in senior leadership roles, and currently holds a number of non-executive positions.

The agenda and notice of the AGM will be available at www.sbmoffshore.com as of February 24, 2021.

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, 2020, the Company employed approximately 4,570 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, February 17, 2021

Financial Calendar	Date	Year
Annual General Meeting of Shareholders	April 7	2021
Trading Update 1Q 2021 - Press Release	May 12	2021
Half Year 2021 Earnings - Press Release	August 5	2021
Trading Update 3Q 2021 - Press Release	November 11	2021
Full Year 2021 Earnings - Press Release	February 10	2022

For further information, please contact:

Investor Relations
Bert-Jaap Dijkstra
Group Treasurer and IR

Telephone:	[phone]
Mobile:	[phone]
E-mail:	[e-mail]
Website:	www.sbmoffshore.com

Media Relations
Vincent Kempkes
Group Communications Director

Telephone:	[phone]
Mobile:	[phone]
E-mail:	[e-mail]
Website:	www.sbmoffshore.com

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.

Attachment

• SBM Offshore to nominate Supervisory Board member (https://ml-eu.globenewswire.com/Resource/Download/3841ff41-8b04-4cc9-a1a6-89f5424833ca)