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2016-01-25

SBM Offshore N.V.: SETTLEMENT REGARDING ACCUSATIONS AGAINST CEO AND MEMBER OF THE SUPERVISORY BOARD

Following the allegations made on December 17, 2015 by the Brazilian Public
Prosecutor's Office (Ministério Público Federal - "MPF") regarding SBM
Offshore's CEO, Mr. Bruno Chabas, and a member of the Company's Supervisory
Board, Mr. Sietze Hepkema, the Supervisory Board of SBM Offshore issued a
statement of support with respect to both Board Members on December 21, 2015.

On January 15, 2016, the Company was informed that the judge in Brazil
referred the accusations with regard to Mr. Chabas and Mr. Hepkema back to
the Public Prosecutor to propose an out-of-court settlement, on a no
admission of guilt basis, as is common for misdemeanors of the kind alleged.

Messrs. Chabas and Hepkema and the Management and Supervisory Boards have
considered the Public Prosecutor's proposal for an out-of-court settlement
and decided to accept it. This results in the payment of 250.000 Brazilian
Reals (approximately US$60,000) each, which the Company will pay.

The Company emphasizes that this settlement does not involve an admission of
guilt and remains of the opinion that the accusations are without merit.
However, SBM Offshore also believes that accepting the settlement offers a
pragmatic opportunity to expeditiously resolve this matter that avoids long
and costly legal proceedings and allows the Company's management team to
concentrate on the business.

The Supervisory Board of the Company affirms its earlier statement of support
of Messrs. Chabas and Hepkema.

The settlement with the Public Prosecutor reached on January 22, 2016 is
subject to confirmation by the judge handling the case. The timing of the
confirmation has yet to be established.

Corporate Profile

SBM Offshore N.V. (the "Company") 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 "Group").

SBM Offshore provides floating production solutions to the offshore energy
industry, over the full product life-cycle. SBM Offshore is market leading
in leased floating production systems with multiple units currently in
operation and has unrivalled operational experience in this field. The
Group'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.

Group companies employ over 9,000 people worldwide. Full time Group employees
totalling 5,700 are spread over four regional centres, eleven operational
shore bases and the offshore fleet of vessels. A further 3,300 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 concerned.

The Management Board
Amsterdam, The Netherlands, January 25, 2016

For further information, please contact:

Investor Relations

Nicolas D. Robert
Head of Investor Relations

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| Telephone: +377 92 05 18 98 |
| Mobile: +33 (0) 6 40 62 44 79 |
| E-mail: nicolas.robert@sbmoffshore.com |
| Website: www.sbmoffshore.com |
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Media Relations

Anne Guerin-Moens
Group Communications Director

-------------------------------------------------
| Telephone: +377 92 05 30 83 |
| Mobile: +33 (0) 6 80 86 36 91 |
| E-mail: anne.guerin-moens@sbmoffshore.com |
| Website: www.sbmoffshore.com |
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Disclaimer

Some of the statements contained in this release that are not historical facts
are statements of future expectations and other forward-looking statements
based on management's current views and assumptions and involve known and
unknown risks and uncertainties that could cause actual results, performance,
or events to differ materially from those in such statements. Such
forward-looking statements are subject to various risks and uncertainties,
which may cause actual results and performance of the Company's business to
differ materially and adversely from the forward-looking statements. Certain
such forward-looking statements can be identified by the use of
forward-looking terminology such as "believes", "may", "will", "should",
"would be", "expects" or "anticipates" or similar expressions, or the
negative thereof, or other variations thereof, or comparable terminology, or
by discussions of strategy, plans, or intentions. Should one or more of these
risks or uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not
intend, and does not assume any obligation, to update any industry
information or forward-looking statements set forth in this release to
reflect subsequent events or circumstances.

SETTLEMENT REGARDING ACCUSATIONS AGAINST CEO AND MEMBER OF THE SUPERVI
http://hugin.info/130754/R/1980901/725709.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SBM Offshore N.V. via Globenewswire

HUG#1980901

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