Weekly share repurchase program transaction details

April 1, 2020

SBM Offshore reports the transaction details related to its EUR150 million (c. US$165 million) share repurchase program for the period March 26, 2020 through April 1, 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 April 1, 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 139,081,274
Cumulative Quantity Repurchased			11,247,725
Cumulative Average Repurchase Price			EUR 12.37
Start Date			February 13, 2020
End Date			2020
Percentage of program completed as at April 1, 2020			92.72%
Overview of details of last 5 trading days:
Trade Date	Quantity Repurchased	Average Purchase Price	Settlement Amount
March 26, 2020	488,172	EUR 11.76	EUR 5,739,393
March 27, 2020	582,685	EUR 11.62	EUR 6,771,835
March 30, 2020	380,000	EUR 11.72	EUR 4,452,367
March 31, 2020	465,339	EUR 12.07	EUR 5,615,536
April 1, 2020	106,796	EUR 11.94	EUR 1,275,256
Total1	2,022,992	EUR 11.79	EUR 23,854,386
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.