SBM Offshore Third Quarter Trading Update

Highlights

• Increase in full year Directional[1] EBITDA guidance to around US$800 million
• Increase in full year Directional Revenue guidance to around US$2.1 billion
• Year-to-date Directional revenue at US$1,470 million
• Projects progressing in line with clients’ schedules
• Third Fast4Ward® hull allocated to ExxonMobil Payara development
• Directional Net Debt of US$3.1 billion at end of Q3 2019, with undrawn facilities of US$1.1 billion for growth
• Listed in Dow Jones Sustainability Europe Index for 10^th consecutive year

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