SENIOR MANAGEMENT STRUCTURE REVISED AND SIMPLIFIED

SENIOR MANAGEMENT STRUCTURE REVISED AND SIMPLIFIED

SCHIEDAM, Netherlands, Dec. 3, 2013 (GLOBE NEWSWIRE) -- In order to facilitate
strategic decision-making and further management efficiency SBM Offshore
announces that it has reduced the top of its governance structure from three
layers, comprising of the Supervisory Board, Management Board and Board of
Management, to two by removing the Board of Management. The Management Board
(comprised of the CEO, CFO and CGCO) and the SBM Offshore business model
remain unchanged.

A new  position  of  'Group  Executive Managing  Director'  has  been  created 
reporting to the CEO with Bernard  van Leggelo, formerly Managing Director  of 
the SBM Houston Execution Centre, having been appointed to this new role  with 
immediate effect. He will focus on the execution of the Company's  operational 
strategy and long-term planning.

A broad portfolio of  responsibilities is assigned  to the Managing  Directors 
responsible for  the performance  of their  Execution Centre.  With  immediate 
effect, all Managing  Directors will  report directly to  the CEO  and have  a 
functional reporting line to the new Group Executive Managing Director.

Furthermore, the position of Chief Technology Officer has been retitled 'Group
Technology Director'  to reflect  the structural  reform.Michael Wyllie  will 
continue in that role with unchanged responsibilities.

Bruno Chabas, CEO, SBM Offshore said:

"I am pleased to announce a further evolution of our management structure. Our
successes thus far in 2013 are showing the merits of our organizational model,
and  these  adjustments  will  facilitate  faster  decision-making.Our  focus 
continues to be on  flawless execution of projects  and attaining the  highest 
levels of client satisfaction.We all welcome  Bernard van Leggelo to the  new 
position of Group Executive Managing Director, a role in which he can bring to
bear his considerable experience of delivering for SBM's clients."

Bernard Van Leggelo has been with SBM since 1995 and in his current role as
Managing Director of the SBM Houston Execution Centre since 2007. Mr. van
Leggelo has an MS in Ocean Engineering from the University of Connecticut,
USA, and a BS in Mechanical and Electrical Engineering from Ecole Centrale,
Brussels, Belgium. He will relocate to Monaco to take up his new role.

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,  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 9,600 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.

Schiedam, December 3, 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/1747453/588357.pdf

HUG#1747453
 
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