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SBM OFFSHORE ANNOUNCES SALE OF A DIVING SUPPORT AND CONSTRUCTION VESSEL (DSCV) November 11, 2013



SBM OFFSHORE ANNOUNCES SALE OF A DIVING SUPPORT AND CONSTRUCTION VESSEL (DSCV)
November 11, 2013

SCHIEDAM, Netherlands, Nov. 11, 2013 (GLOBE NEWSWIRE) --

DSCV SBM Installer sold to Daya Vessels Limited



SBM Offshore has agreed to the sale of the DSCV SBM Installer, a newbuild Diving
Support and Construction Vessel (DSCV), to Daya Vessels Limited, a subsidiary of
Daya  Offshore Construction  Sdn Bhd,  for US$180  million in cash. Both parties
have signed a memorandum of agreement, subject to the buyer securing transaction
financing,  and  expect  to  close  the  transaction  in  Q1 2014. No regulatory
approvals are required and Board approval for the sale has been obtained by both
parties.



Bruno Chabas, CEO of SBM Offshore commented:



"We  are pleased to have reached an  agreement with Daya Vessels Limited to sell
the  DSCV SBM  Installer. Today's  announcement is  in line  with SBM Offshore's
stated strategy to refocus on its core business of FPSOs and associated products
and services while continuing to dispose of non-core assets."



The  DSCV SBM Installer is  a state of the  art multi-purpose Diving Support and
Construction  Vessel (DSCV), based  on the MT-6024 design  from Marin Teknikk in
Norway  and built  to DNV  rules and  international regulations. Built by Keppel
Singmarine  in Singapore, the vessel features the SBM Offshore patented 'double-
deck' design, which improves safety as well as providing significantly more deck
space.  The vessel is  equipped with a  class III DP  system as well  as a fully
integrated  12-man saturation diving  system capable of  operating in up to 300
metres  of water. A 250 tonne knuckle boom crane and 150 tonne winch will enable
the  vessel to  carry out  offshore construction  and installation work in water
depths of up to 1,500 metres.





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 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  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  centers, eleven  operational shore  bases, several construction yards
and   the   offshore   fleet   of   vessels.   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 Board of Management
Schiedam, November 11, 2013


For further information, please contact:



Investor Relations

Nicolas D. Robert

Head of Investor Relations

 Telephone:   +377 92 05 18 98

 Mobile:      +33 (0) 6 40 62 44 79

 E-mail:      nicolas.robert@sbmoffshore.com

 Website:     www.sbmoffshore.com







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





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


To see the complete version of this press release, please click on the link
below.


SBM Offshore Press Release: http://hugin.info/130754/R/1741991/585454.pdf

[HUG#1741991]
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