SOURCE: SBM Offshore N.V.

August 28, 2006 11:40 ET

HALF-YEAR RESULTS 2006 AND UPDATED FULL-YEAR FORECAST

SCHIEDAM, NETHERLANDS -- (MARKET WIRE) -- August 28, 2006 -- Highlights

* Half-year net profit of US$ 97.8 million represents an increase of 33% over 2005 (US$ 73.5 million). Return on equity of 20.8% (20.7% in 2005);

* Return on capital employed rises by 21% to 13.4% (from 11.1% in 2005) for the six month period;

* New orders amount to US$ 2,318 million for the first six months of 2006 bringing backlog to a record level of US$ 5,635 million;

* Updated 2006 year-end forecast increases from US$ 185 million to around US$ 200 million.

To see the complete pdf version of this press release, please click on the link below: SBM Offshore Press Release

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