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Regulatory press release

SIOFF: Notification of acquisition of shares by primary insider

Sea1 Offshore
The primary insider, Celina Midelfart, who is a member of the Board of Siem
Offshore Inc., is the chairman of the board of Midelfart Capital AS. On 13 March
2023, Midelfart Capital AS purchased 74 276 shares in Siem Offshore Inc. (SIOFF)
at a nominal share price of NOK 16,1299 per share. Total purchase price was NOK
1 198 064. Following the purchase Midelfart Capital AS owns shares equal to
1,358% of the shares issued.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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