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2014-04-15

Prosafe SE: Contract extension for Safe Hibernia

Cotemar group has confirmed that Safe Hibernia has been awarded a contract
extension through to 27 July 2014 with unchanged day rate. The contract value
of the extension is USD 6.2 million.

Prosafe is the world's leading owner and operator of semi-submersible
accommodation/service vessels. Operating profit reached USD 245.1 million in
2013 and net profit was USD 199.1 million. The company operates globally,
employs 595 people and is headquartered in Larnaca, Cyprus. Prosafe is listed
on the Oslo Stock Exchange with ticker code PRS. For more information, please
refer to www.prosafe.com.

Larnaca, 15 April 2014
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations
Prosafe AS
Phone: +47 51 64 25 20/ +47 991 09 467

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

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Prosafe SE via Globenewswire

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