The Netherlands: SBM Offshore Announces Appointment to Supervisory Board

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.).

SBM Offshore N.V. is a pioneer in the offshore oil and gas industry. Worldwide, we have over 5,000 employees representing 47 nationalities, and are present in 15 countries. Our activities include the engineering, supply, and offshore installation of most types of offshore terminals or related equipment. In addition, SBM Offshore owns and operates its own fleet of Floating (Production) Storage and Offloading units.

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Source: SBM Offshore, March 25, 2011;