Weekly share repurchase program transaction details

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SBM Offshore has reported the transaction details related to its EUR65 million share repurchase program, revealing a cumulative repurchase amount of EUR 11,357,288 and a cumulative quantity repurchased of 796,226 shares. The company aims to reduce its share capital through this program. The latest transactions from April 18 to April 24, 2024, show an average repurchase price of EUR 14.44 per share. Overall, the share repurchase program is 17.47% completed. SBM Offshore designs, builds, installs, and operates offshore floating facilities for the energy industry, emphasizing a responsible energy transition. The company's financial calendar includes upcoming important dates for investors. For more information, contact Investor Relations or visit the company's website.

Positive

• The cumulative repurchase amount under SBM Offshore's EUR65 million share repurchase program is EUR 11,357,288.
• The total quantity of shares repurchased as part of the program is 796,226 shares.
• The average repurchase price per share in the latest transactions is EUR 14.44.
• The share repurchase program is 17.47% completed as of April 24, 2024.
• SBM Offshore focuses on designing, building, installing, and operating offshore floating facilities for the energy industry, with a commitment to a responsible energy transition.
• The company's financial calendar includes key dates such as the First Quarter 2024 Trading Update on May 8, 2024, and the Half Year 2024 Earnings on August 8, 2024.

Negative

• None.

April 24, 2024

SBM Offshore reports the transaction details related to its EUR65 million (c. US$70 million) share repurchase program for the period April 18, 2024 through April 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 April 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 11,357,288
Cumulative Quantity Repurchased					796,226
Cumulative Average Repurchase Price					EUR 14.26
Start Date					March 1, 2024
Percentage of program completed as of April 24, 2024					17.47%
Overview of details of last 5 trading days:
Trade Date	Quantity Repurchased		Average Purchase Price		Settlement Amount
April 18, 2024	23,302		EUR 14.30		EUR 333,267
April 19, 2024	21,209		EUR 14.52		EUR 307,873
April 22, 2024	23,369		EUR 14.55		EUR 339,923
April 23, 2024	22,968		EUR 14.46		EUR 332,163
April 24, 2024	26,350		EUR 14.37		EUR 378,697
Total	117,198		EUR 14.44		EUR 1,691,923

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
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
E-mail:	wouter.holties@sbmoffshore.com
Website:	www.sbmoffshore.com

Media Relations

Evelyn Tachau Brown
Group Communications & Change Director

Mobile:	+377 (0) 6 40 62 30 34
E-mail:	evelyn.tachau-brown@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 “Float4Wind^®” are proprietary marks owned by SBM Offshore.

Attachment

• Press Release Week 16 & 17 - April 18 to April 24, 2024

FAQ

What is the total repurchase amount under SBM Offshore's share repurchase program?

The total repurchase amount under SBM Offshore's share repurchase program is EUR 65,000,000.

How many shares have been repurchased under the program?

A total of 796,226 shares have been repurchased under SBM Offshore's share repurchase program.

What is the average repurchase price per share in the latest transactions?

The average repurchase price per share in the latest transactions is EUR 14.44.

How much of the share repurchase program is completed as of April 24, 2024?

As of April 24, 2024, the share repurchase program is 17.47% completed.

What is SBM Offshore primarily focused on in its business operations?

SBM Offshore primarily focuses on designing, building, installing, and operating offshore floating facilities for the energy industry.

What are some key dates in SBM Offshore's financial calendar?

Key dates in SBM Offshore's financial calendar include the First Quarter 2024 Trading Update on May 8, 2024, and the Half Year 2024 Earnings on August 8, 2024.