SBM – Completion 2019 Share Repurchase Program

May 20, 2019

SBM Offshore reports that it has completed its EUR175 million share repurchase program.

Between February 14, 2019 and May 20, 2019 a total of 10,422,259 common shares were repurchased, at an average price of EUR16.79 per share. Further detailed information regarding all individual transactions can be accessed via the Investor Relations Center of the Company’s website.

The repurchases were made under the EUR175 million share repurchase program announced on and effective from February 14, 2019. The objective of the program was to reduce share capital and, in addition, to provide shares for regular management and employee share programs. Information regarding the aggregate of the transactions (calculated on a daily basis) for the period in which the program was executed can be found in the top half of the table below.

Final Period Share Repurchase Program Transaction Details

SBM Offshore reports the transaction details related to its EUR175 million (c. US$200 million) share repurchase program for the period May 16, 2019 through May 20, 2019 in the bottom half of the table below

Share Repurchase Program
Overall results Share Repurchase Program:
Total Repurchase Amount			EUR 175,000,000
Cumulative Repurchase Amount			EUR 175,000,004
Cumulative Quantity Repurchased			10,422,259
Cumulative Average Repurchase Price			EUR 16.79
Start Date			February 14, 2019
End Date			May 20, 2019
Percentage of program completed as at May 20, 2019			100.00%
Overview of details of last 3 trading days:
Trade Date	Quantity Repurchased	Average Purchase Price	Settlement Amount
May 16, 2019	106,000	EUR 16.97	EUR 1,798,779
May 17, 2019	260,000	EUR 16.90	EUR 4,393,905
May 20, 2019	321,914	EUR 16.97	EUR 5,461,928
Total1	687,914	EUR 16.94	EUR 11,654,613
1All shares bought on Euronext Amsterdam

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 14, 2019, details of which are available on its website.