Siem Offshore : Key information relating to share consolidation and change of ISIN

Reference is made to earlier inventory alternate discover by Siem Offshore Inc. (the
"Company" and along with its subsidiaries, the "Group") on 30 April 2021
pertaining to the extraordinary basic assembly (the "EGM") held on 29 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'

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 Officer 
Siem Offshore Inc. 
Phone +47 901 99 051

Click right here for extra information

© Oslo Bors ASA, supply Oslo Stock Exchange

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