Weekly share repurchase program transaction details



February 26, 2020

SBM Offshore reports the transaction details related to its EUR150 million (c. US$165 million) share repurchase program for the period February 20, 2020 through February 26, 2020.

The repurchases were made under the EUR150 million share repurchase program announced on and effective from February 13, 2020. The objective of the program is to reduce share capital and, in addition, to provide shares for regular management and employee share programs. Information regarding the progress of the share repurchase program and the aggregate of the transactions (calculated on a daily basis) for the period February 13, 2020 through February 26, 2020 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 Investor Relations Center of the Company’s website.

Share Repurchase Program
Overall progress Share Repurchase Program:
Total Repurchase Amount			EUR 150,000,000
Cumulative Repurchase Amount			EUR 17,392,034
Cumulative Quantity Repurchased			1,064,240
Cumulative Average Repurchase Price			EUR 16.34
Start Date			February 13, 2020
End Date			2020
Percentage of program completed as at February 26, 2020			11.59%
Overview of details of last 5 trading days:
Trade Date	Quantity Repurchased	Average Purchase Price	Settlement Amount
February 20, 2020	64,000	EUR 16.91	EUR 1,082,377
February 21, 2020	124,000	EUR 16.60	EUR 2,058,178
February 24, 2020	150,970	EUR 15.90	EUR 2,400,470
February 25, 2020	212,000	EUR 15.56	EUR 3,298,746
February 26, 2020	83,380	EUR 15.44	EUR 1,287,055
Total1	634,350	EUR 15.96	EUR 10,126,826
1All shares purchased 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 13, 2020, details of which are available on its website.