Shareholder Remuneration

Shareholder Return Policy

SBM Offshore has revised its dividend policy to include dividend payments on a semi-annual basis. The Company’s shareholder return policy is to maintain a stable annual cash return to shareholders which grows over time, with flexibility for the Company to make such cash return in the form of cash dividend, paid semi-annually, and the repurchase of shares. Determination of the annual cash return is based on the Company’s assessment of its underlying cash flow position. The Company prioritizes a stable cash distribution to shareholders and funding of growth projects, with the option to apply surplus capital towards incremental cash returns to shareholders.

Dividend Distribution

As announced in its press release on February 26, 2026, SBM Offshore proposes to the General Meeting an all-cash dividend of US$100 million for the year 2025. The total proposed all-cash dividend will be payable in Euro and is equivalent to c. EUR84 million based on the Euro/USD forward exchange rate on February 18, 2026, or c. EUR 0.49 per share¹. The final amount of dividend per share in Euros will be declared at the 2026 AGM. The proposed ex-dividend date is April 17, 2026. The dividend will become payable on May 13, 2026.

Additionally, as also announced on February 26, 2026, following and subject to final resolution, SBM Offshore intends to declare a US$100 million interim dividend (equivalent to c. EUR84 million based on the Euro/USD forward exchange rate on February 18, 2026) in aggregate for the first half year of 2026, payable after publication of the HY 2026 results on September 3, 2026.

Dividend in cash is in principle subject to Dutch dividend withholding tax, which will be deducted from the dividend in cash paid to the shareholders. Some shareholders may be eligible to claim a tax credit for or a refund of the tax withheld, if certain conditions are met. Shareholders are advised to consult their tax advisor.

Dividend Reinvestment Plan

ABM AMRO is responsible for executing the dividend payment on behalf of SBM Offshore and offers the Company’s shareholders the option to participate in a Dividend Reinvestment Plan (DRIP). By participating in this program, shareholders can reinvest their net dividend into shares of the Company. Further information regarding the DRIP will be made available by ABN AMRO to all financial intermediaries.

Dividend Timetable

Full year 2025 dividend

First half 2026 interim dividend

Footnotes

¹ Pro-forma calculation based on the total number of ordinary shares issued and fully paid at December 31, 2025. Actual dividend amount per share depends on number of shares entitled to dividend. The final dividend per share will be dependent on the progress of the share repurchase program.