Dividend Payment
At the Annual Meeting of Shareholders 2009 of SBM Offshore N.V., held in Rotterdam at 14 May 2009, the shareholders voted in favour of the dividend proposal made by the Management Board and approved by the Supervisory Board, to distribute € 0.69 per ordinary share with a nominal value of € 0.25 (based on US$ 0.93 per ordinary share at ECB reference exchange rate of 1.3563 US$/€ on 14 May 2009).

The dividend will be paid 50% as a stock dividend and 50% as a cash dividend (after deduction of 15% withholding tax).

Stock dividend is based on the volume weighted average share price (FIWAP) from 18 May 2009 to 22 May 2009 at € 11.9328.

Total dividend will be paid as follows:

Cash dividend of € 0.345 per ordinary share;
Stock dividend of 2 new shares for 69 existing shares.

Payment of the dividend on the ordinary shares and delivery of the ordinary shares, plus eventual settlement of fractions in cash, will take place as of 9 June 2009.

The dividend will be distributed to the shareholders through the bank or broker which keeps the shares in administration.

toevoeging op 27 mei om 08.08 uur,
SBM OFFSHORE - FPSO FALCON LEASE EXTENSION
FPSO Falcon Lease Extension
A one-year extension of the lease and operate contract for the FPSO Falcon has been obtained from Esso Deepwater Limited, a subsidiary of ExxonMobil. The FPSO Falcon, which is fully owned and operated by SBM Offshore N.V., is consequently under contract until 23 November 2010.