UPDATE ON STATUS OF LENIENCY AGREEMENT

September 2, 2016


SBM Offshore has been informed that the Fifth Chamber of the Brazilian Federal Prosecutor Service has not approved the leniency agreement signed by Brazilian authorities, Petrobras and SBM Offshore on July 15, 2016. The Company is seeking clarification on the decision and will update the market accordingly.

Corporate Profile

SBM Offshore N.V. is a listed holding company that is headquartered in Amsterdam. It holds direct and indirect interests in other companies that collectively with SBM Offshore N.V. form the SBM Offshore group ("the Company").

SBM Offshore provides floating production solutions to the offshore energy industry, over the full product life-cycle. The Company is market leading in leased floating production systems with multiple units currently in operation and has unrivalled operational experience in this field. The Company`s main activities are the design, supply, installation, operation and the life extension of Floating Production, Storage and Offloading (FPSO) vessels. These are either owned and operated by SBM Offshore and leased to its clients or supplied on a turnkey sale basis.

As of December 31, 2015, Group companies employed approximately 7,000 people worldwide. Full time company employees (4,900) are spread over five regional centers, eleven operational shore bases and the offshore fleet of vessels. A further 2,100 are working for the joint ventures with several construction yards. Please visit our website at www.sbmoffshore.com.

The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate entities. In this communication "SBM Offshore" is sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general, or where no useful purpose is served by identifying the particular company or companies.

The Management Board
Amsterdam, The Netherlands, September 2, 2016

Financial Calendar

Date

Year

Trading Update 3Q 2016 - Press Release

November 9

2016

Extraordinary General Meeting of Shareholders

November 30

2016

Full-Year 2016 Earnings - Press Release

February 8

2017

Annual General Meeting of Shareholders

April 13

2017

Trading Update 1Q 2017 - Press Release

May 10

2017

Half-Year 2017 Earnings - Press Release

August 8

2017

For further information, please contact:


Investor Relations
Nicolas D. Robert
Head of Investor Relations

Telephone:

+31 (0) 20 2363 126

Mobile:

+31 (0) 6 5461 2410

E-mail:

nicolas.robert@sbmoffshore.com

Website:

www.sbmoffshore.com


Media Relations
Vincent Kempkes
Head of Communications