Dividend Payment At the Annual Meeting of Shareholders 2009 of SBM Offshore N.V., held in Rotterdam at 14 May 2009, the shareholders voted in favour of the dividend proposal made by the Management Board and approved by the Supervisory Board, to distribute ¤ 0.69 per ordinary share with a nominal value of ¤ 0.25 (based on US$ 0.93 per ordinary share at ECB reference exchange rate of 1.3563 US$/¤ on 14 May 2009). The dividend will be paid 50% as a stock dividend and 50% as a cash dividend (after deduction of 15% withholding tax). Stock dividend is based on the volume weighted average share price (FIWAP) from 18 May 2009 to 22 May 2009 at ¤ 11.9328. Total dividend will be paid as follows: * Cash dividend of ¤ 0.345 per ordinary share; * Stock dividend of 2 new shares for 69 existing shares. Payment of the dividend on the ordinary shares and delivery of the ordinary shares, plus eventual settlement of fractions in cash, will take place as of 9 June 2009. The dividend will be distributed to the shareholders through the bank or broker which keeps the shares in administration. 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: Website: To see the complete pdf version of this press release, please click on the link below: This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.