A. Accounting Framework

The consolidated financial statements of the Company have been prepared in accordance with, and comply with, International Financial Reporting Standards (’IFRS’) and interpretations adopted by the European Union, which were effective for the financial year beginning January 1, 2024, and also comply with the financial reporting requirements included in Part 9 of Book 2 of the Dutch Civil Code.

The Company financial statements included in section 4.4 are part of the 2024 financial statements of SBM Offshore N.V.