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 30
November 2023, Midelfart Capital AS purchased 411.000 shares in Siem Offshore
Inc. (SIOFF) at a nominal share price of NOK 24,382 per share. Total purchase
price was NOK 10.021.002. Following the purchase Midelfart Capital AS owns
5.033.786 shares equal to 2,107% 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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