We refer to the summons dated 22 January 2021 (the "Summons") to the bondholders in ISIN NO 001 0670441 ("SIOFF01") and ISIN NO 001 0708670 ("SIOFF02"). In a bondholders' meeting held today, 5 February 2021, the proposal set out in the Summons obtained 99.66% of the votes in SIOFF01 and 100% of the votes in SIOFF02 and the proposal was hence adopted under the bond loan agreements for SIOFF01 and SIOFF 02.

For further information, please contact:
Dagfinn B. Lie
Chief Financial Officer Siem Offshore Inc.
Phone +47 901 99 051