Reference is made to previous stock exchange notices on Tuesday 29thof June 2021 by Siem Offshore Inc, that Dagfinn B Lie will resign as CFO in the company.

Siem Offshore is today pleased to announce that Mr Vidar Jerstad is our new CFO effective from 1st of August 2021 and he will be a member of the Management Team in Siem Offshore from the same date.

Vidar Jerstad has been employed as Finance Director in Siem Offshore since 2017 and has good knowledge of the company.

He has extensive experience from various positions in finance area in Nordea and he will be an excellent contribution to our company as our new CFO.

Vidar Jerstad holds an Executive Master of Business Administration (MBA)and is an Authorized Financial Analyst (AFA/CEFA) from the Norwegian School of Economics (NHH)

For further information please contact

Bernt Omdal

CEO – Siem Offshore Inc

Phone +47 91522299