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 proposed to the General Meeting an all-cash dividend of US$100 million for the year 2025. During the 2026 AGM, which was held on April 15, 2026, shareholders voted in favor of this proposed all-cash dividend of US$100 million (EUR84 million¹ equivalent or EUR0.5009 per ordinary share. Dividends were paid on May 13, 2026 to all shareholders of record as at April 20, 2026 through the bank or broker administering the shares.

Additionally, as also announced on February 26, 2026, following and subject to final resolution, SBM Offshore will pay to all shareholders of record as at August 11, 2026, a US$100 million interim dividend (equivalent to EUR84 million²) in aggregate for the first half year of 2026, payable 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 has been made available by ABN AMRO to all financial intermediaries.

Dividend Timetable

Full year 2025 dividend

First half 2026 interim dividend²

Footnotes

¹ Based on the EUR/US$ forward exchange rate on February 18, 2026.

^{2 Based on the EUR/US$ forward exchange rate on February 18, 2026.}