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Weekly share repurchase program transaction details

July 24, 2024

SBM Offshore reports the transaction details related to its EUR65 million (c. US$70 million) share repurchase program for the period July 18, 2024 through July 24, 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 July 24, 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 34,761,379  
Cumulative Quantity Repurchased   2,460,495  
Cumulative Average Repurchase Price   EUR 14.13  
Start Date     March 1, 2024  
Percentage of program completed as of July 24, 2024 53.48%  
         
Overview of details of last 5 trading days:    
         
Trade Date Quantity Repurchased Average Purchase Price Settlement Amount  
July 18, 2024 7,722 EUR 14.60 EUR 112,727  
July 19, 2024 19,700 EUR 14.68 EUR 289,192  
July 22, 2024 18,700 EUR 14.71 EUR 275,156  
July 23, 2024 9,390 EUR 14.62 EUR 137,275  
July 24, 2024 18,591 EUR 14.55 EUR 270,408  
Total 74,103 EUR 14.64 EUR 1,084,758  

1All 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.

Financial Calendar   Date Year
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
First Quarter 2025 Trading Update   May 15 2025

For further information, please contact:

Investor Relations
Wouter Holties
Corporate Finance & Investor Relations Manager

Mobile: +31 (0) 2 02 36 32 36
E-mail: wouter.holties@sbmoffshore.com
Website: www.sbmoffshore.com

Media Relations
Anne Guerin-Moens
Group HR & Communications Director

Mobile: +377 92 05 15 09
E-mail: anne.guerin-moens@sbmoffshore.com
Website: 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 “Float4WindTM” are proprietary marks owned by SBM Offshore.

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