SBM Offshore N.V. : SBM Offshore announces 97.7 % take-up of rights offering

 SBM Offshore N.V. : SBM Offshore announces 97.7 % take-up of rights offering

17 April 2013

SBM Offshore announces that, in connection with its 1 for 10 rights offering
(the "Offering") of 18,914,221 new ordinary shares in its capital with a
nominal value of EUR0.25 each (the "Offer Shares") at an issue price of
EUR10.07 (the "Issue Price") per Offer Share, it has received subscriptions
for 18,473,204 Offer Shares through the valid exercise of transferable
subscription rights (the "Rights"). This represents a take-up of approximately
97.7% of the rights offering.

Remaining Offer Shares

The period during which Rights may be exercised ended at 15:00 hours CET on 17
April 2013. Today,  HAL Investments  B.V. ("HAL") will  subscribe for  441,017 
Offer Shares that were issuable upon the exercise of Rights, but that have not
been subscribed for during the exercise period. HAL will furthermore subscribe
and pay  for any  Offer Shares  taken up  but not  paid for  within three  (3) 
trading days of 22 April 2013, if applicable.


Allotment of Offer Shares to be issued pursuant to the Offering is expected to
take place today on 17  April 2013. Issuance of,  payment for and delivery  of 
the Offer Shares, including the 441,017 remaining Offer Shares that have  been 
subscribed for by HAL, are  expected to occur on  22 April 2013. SBM  Offshore 
expects that the Offer  Shares will be admitted  for listing and trading,  and 
that trading in the Offer Shares will start, on NYSE Euronext in Amsterdam  at 
09:00 hours CET on 22 April 2013, barring unforeseen circumstances.

ING and  Morgan  Stanley are  acting  as  joint global  coordinators  for  the 

ABN AMRO is acting as subscription, listing and paying agent for the Offering.

Further information on the Offering

For further details of the Offering, reference is made to the prospectus in
the English language dated 3 April 2013. Subject to applicable laws, copies of
the prospectus may be obtained free of charge through the website of SBM
Offshore at and through the website of the AFM at

Corporate Profile

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

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 and operation 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 7,400 people worldwide, who are spread over five
execution centres, eleven operational shore bases, several construction yards
and the offshore fleet of vessels. Please visit our website at

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 Board of
Schiedam, 17 April 2013

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

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 that:
(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
information contained therein.

Source: SBM Offshore N.V. via Thomson Reuters ONE
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