The Company has agreed a 6 month firm contract with additional options with GE
Renewable Energy for the vessel "Siem Stingray", where the vessel will commence
its contract in April 2021. This marks an important continuation of the strong
commitment Siem Offshore has for serving the renewable energy segment, and we
are pleased to see that our versatile high end vessels are preferred by a key
operator like GE Renewable Energy. Since our entrance into the offshore wind
segment, our fleet has contributed with over 200,000 personnel transfers
offshore, making the Company a leading actor within this segment.

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