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2016-10-17

SBM Offshore N.V.: WEEKLY SHARE REPURCHASE PROGRAM TRANSACTION DETAILS

October 17, 2016

SBM Offshore reports the transaction details related to the repurchase of its
common shares made for the period October 10, 2016 through October 14, 2016.

The repurchases were made under the EUR 150 million share repurchase program
for share capital reduction purposes and, to a lesser extent, for 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 August 11, 2016 through October 14, 2016 can be found in the
below table. 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.

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 August 10, 2016,
details of which are available on its website.

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, October 17, 2016

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| 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

-----------------------------------------------
| Telephone: +31 (0) 20 2363 170 |
| Mobile: +31 (0) 6 25 68 71 67 |
| E-mail: vincent.kempkes@sbmoffshore.com |
| Website: www.sbmoffshore.com |
-----------------------------------------------
Disclaimer

This press release contains inside information within the meaning of Article
7(1) of the EU Market Abuse Regulation. 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. Nothing in this press release shall be deemed an
offer to sell, or a solicitation of an offer to buy, any securities.

WEEKLY SHARE REPURCHASE PROGRAM TRANSACTION DETAILS
http://hugin.info/130754/R/2049196/766302.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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

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