Siem Offshore has signed an LOI with Helix Energy Solutions Group for a possible
long-term extension of charter contracts for Siem Helix 1 and Siem Helix 2 at
improved day rates.

Commencement date for the new contracts will be 01.01.25 and 01.01.26 with a
duration of 6 years each.

Contact: CEO Bernt Omdal, +47 91522299



This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 in the Norwegian Securities Trading Act. This stock exchange
notice was published by Gerhard Steen, Siem Offshore, at the date and time as
set out above.

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