SBM Offshore: Closing of sale of GustoMSC

SBM Offshore: Closing of sale of GustoMSC 
SCHIEDAM, NETHERLANDS -- (Marketwire) -- 11/29/12 --  SBM Offshore
has completed the divestment of GustoMSC 
SBM Offshore is pleased to announce that the sale of GustoMSC, its
non-core design and engineering subsidiary, became unconditional on 28
November 2012 and
that the approximate $185 million transaction with
Parcom Capital has been completed. 
SBM Offshore in The Netherlands now exclusively focused on FPSOs 
The sale of GustoMSC is a further step in enabling SBM Offshore to
pursue its
FPSO-driven strategy, allowing its Dutch execution centre
in Schiedam to focus
exclusively on FPSOs and FPSO-related products. 
Over the years this execution centre has developed a world-renowned
track record
in designing FPSOs for the Brazilian market, notably with
the ground-breaking FPSO Espadarte in 2000. 
Over the last decade it has developed into a fully equipped execution
with approximately 550 staff, with capacity to design two FPSO
projects simultaneously. The FPSO projects Paraty and Ilhabela, both
for client Petrobras, are currently being designed out of the SBM
Schiedam office. 
Bruno Chabas, CEO of SBM Offshore commented: "The sale of GustoMSC
closes a chapter in our history and our past association with
shipbuilding. Significantly, our Schiedam execution center, home to an
innovative engineering
skills base within the Company, can now focus
fully on what we do best: FPSOs." 
To  see the  complete version  of this  press release,  please click
on the link
SBM Offshore Press Release: 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
(i) the releases contained herein are protected by copyright and
other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein. 
Source: SBM Offshore N.V. via Thomson Reuters ONE 
For further information, please contact: 
Investor Relations
Sebastiaan de Ronde Bresser
Investor Relations Officer
Telephone:   (+377) 92 05 85 15
Mobile:      (+33) 643 919 312
Media Relations 
Anne Guerin-Moens
Group Communications Director
Telephone:   (+377) 92 05 30 83
Mobile:      (+377) 680 863 691
Nils van Nood
Managing Director
Telephone:   (+31) 10 232 0434
Parcom Capital
Piet-Hein de Jager
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