Reference is made to earlier inventory alternate discover bySiem Offshore Inc. (the "Company" and along with its subsidiaries, the "Group") on30 April 2021 pertaining to the extraordinary basic assembly (the "EGM") held on29 April 2021 , whereby the Company's shareholders accepted a rise within the Company's licensed share capital and a 100:1 reverse cut up of its shares in connection with the monetary restructuring of the Group (the "Restructuring"). The EGM has licensed the Company's board of administrators to difficulty new shares to equitizing collectors as half of the Restructuring and to perform a consolidation (reverse cut up) of the Company's shares, topic to the completion of the debt to fairness conversion in reference to the Restructuring. Please observe the next key dates for the share consolidation: Date on which the company motion was made public:29 April 2021 Share consolidation (reverse cut up) ratio: 100 previous shares give 1 new share Last day together with proper:1 June 2021 Ex-date:2 June 2021 Record date:3 June 2021 Date of approval:26 May 2021 Fractions of shares will likely be rounded down to the closest complete share per VPS account. Fractions of shares shall be mixed in VPS and shall be cancelled, bought or in any other case administered by the Company on the Board of Directors' discretion. In reference to the share consolidation, the Company's shares will likely be transferred to a brand new ISIN. Please observe the next key dates for the change of ISIN: Issuer:Siem Offshore Inc. Previous ISIN: KYG813131011 New ISIN: KYG812291253 Date of ISIN change:2 June 2021 This information is revealed in accordance with the Continuing Obligations. For additional information, please contact: Dagfinn B. Lie Chief Financial OfficerSiem Offshore Inc. Phone +47 901 99 051
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