Prospectus - SBM Offshore

1. SUMMARY
Summaries are made up of disclosure requirements known as Elements. These Elements are numbered in
Sections A – E (A.1 – E.7).
This summary contains all the Elements required to be included in a summary for this type of securities and
issuer. Because some Elements are not required to be addressed, there may be gaps in the numbering sequence
of the Elements.
Even though an Element may be required to be inserted in the summary because of the type of securities and
issuer, it is possible that no relevant information can be given regarding this Element. In this case a short
description of the Element is included in the summary with the mention of "not applicable". Certain capitalised
terms used in this summary are defined in "Definitions and Glossary".
A.1 Introduction and
warnings
Section A – Introduction and warnings
0105735-0000002 AMCO:5624830.1 4
This summary should be read as an introduction to the Prospectus. Any decision to
invest in the Offer Securities should be based on consideration of the Prospectus as a
whole by the investor. Where a claim relating to the information contained in the
Prospectus is brought before a court, the plaintiff investor might, under the national
legislation of the Member States, have to bear the costs of translating the Prospectus
before the legal proceedings are initiated. Civil liability attaches only to those persons
who have tabled the summary (including any translation thereof), but only if the
summary is misleading, inaccurate or inconsistent when read together with the other
parts of the Prospectus, or it does not provide, when read together with the other parts
of the Prospectus, key information in order to aid investors when considering to invest
in the Offer Securities.
A.2 Consent Not applicable; there will be no subsequent resale or final placement of securities by
financial intermediaries.
B.1 Legal and
commercial name of
the issuer
B.2 Domicile, legal
form, legislation
and country of
incorporation
B.3 Key factors relating
to the nature of the
Group's operations
and its principal
activities
Section B – Issuer
SBM Offshore N.V. (the Company)
The Company is a public company (naamloze vennootschap) incorporated under the
laws of and domiciled in the Netherlands. The Company has its statutory seat
(statutaire zetel) in Rotterdam, the Netherlands.
The Group is a provider of floating production systems to the offshore oil and gas E&P
industry. It offers a broad scope of services across the full spectrum of the product lifecycle,
from engineering to procurement, construction, installation, operation and
product life extension (including relocation). The Group is a leader in its main activity,
the design, supply, installation and operation of FPSO and FSO vessels, in particular
mid-sized FPSO vessels with a production capacity of 80 – 150k boe/d (see "Industry
and Market Overview – FPSO market: Competitive Landscape"). Furthermore, the