SBM OFFSHORE - PUBLICATION OF ANNUAL REPORT 2010, SUSTAINABILITY REPORT 2010, AGENDA AGM 2011 AND NOMINATION OF NEW SUPERVISORY BOARD DIRECTOR

March 24, 2011 1.   SBM Offshore N.V. - Annual Report 2010, Sustainability Report 2010 and Agenda AGM 2011 SBM Offshore N.V. announces that the Annual Report, Sustainability Report 2010 and the Agenda for the Annual General Meeting of Shareholders 2011 are now available on the Company's website: www.sbmoffshore.com. 2.   SBM Offshore N.V. - Nomination Mrs. Katherine A. Rethy as new Supervisory Board Director SBM Offshore N.V. is pleased to announce that the Supervisory Board will make a non-binding proposal at the Annual General Meeting of Shareholders to be held on 5 May 2011 at 2.30 p.m. in Rotterdam to appoint Mrs. K.A. Rethy as a member of the Supervisory Board for a term of 4 years. Mrs. K.A. Rethy (Canadian, born 1956) is President of KAR Development Corporation, a consulting company and a director of Equitable Trust Company, a financial institution and of Katimavik, a leading not-for-profit organisation in Montreal where she is vice-chairman of the board. Mrs. K.A. Rethy held senior management positions in DuPont Canada Inc. and with Falconbridge Ltd., a mining company, where she was Senior Vice President, Global Services and Enterprise Risk Management until the company's acquisition by Xstrata Plc. in 2006. Mrs. K.A. Rethy is a lawyer by education, obtained an MBA from York University and is currently pursuing a Master's Degree in Leadership for Sustainability at the University of Lancaster (U.K.). Contact person:      Mr. Sebastiaan de Ronde Bresser Telephone: (+377) 92 05 85 15 Mobile: (+33) 643 919 312 Fax: (+377) 92 05 89 40 E-mail: sebastiaan.derondebresser@sbmoffshore.com Website: www.sbmoffshore.com To see the full version of this Press Release please click on the link below: SBM Offshore Press Release: http://hugin.info/130754/R/1499941/435391.pdf 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 the information contained therein. Source: SBM Offshore N.V. via Thomson Reuters ONE [HUG#1499941]