Proposed Appropriation of Result

With the approval of the Supervisory Board, it is proposed that the result shown in SBM Offshore N.V. income statement be appropriated as follows (in US$):

Appropriation of result

2021

Profit/(Loss) attributable to shareholders

400

In accordance with note 4.6.1 to be transferred to the 'Retained earnings'

400

At the disposal of the General Meeting of Shareholders

-

It is proposed that US$1 per share out of retained earnings is distributed among the shareholders. Please refer to note 4.5.14 Events After End of Reporting Period.