Wed Sep 18 16:43:00 UTC 2024: ## SBM Offshore Completes €130 Million Share Repurchase Program

**Amsterdam, Netherlands – September 18, 2024** – SBM Offshore has announced the completion of a €130 million (approximately US$140 million) share repurchase program, which ran from September 12th to September 18th, 2024. The program was part of a larger €65 million share repurchase initiative announced on February 29th, 2024, and subsequently increased by another €65 million on August 8th, 2024.

The goal of the program is to reduce share capital and provide shares for the company’s management and employee share programs. This recent repurchase program brings the total shares bought back under the initiative to €130 million.

SBM Offshore, a leading provider of offshore floating facilities for the energy industry, is committed to a responsible energy transition. The company actively reduces emissions from fossil fuel production while developing cleaner solutions for alternative energy sources.

For further information on the share repurchase program and its progress, investors can visit the Investors section of SBM Offshore’s website.

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