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2015-08-18

Prosafe SE : Lundin Norway exercises Safe Boreas option

Lundin Norway AS ('Lundin') has exercised a one month option for the provision
of the Safe Boreas semi-submersible accommodation vessel at the Edvard Grieg
Project in the Norwegian sector of the North Sea.

The one month option extends on site operations through mid-December 2015 and
has a total value of approximately USD 10 million. In addition, Lundin has a
further one month option.

Prosafe is the world's leading owner and operator of semi-submersible
accommodation vessels. Operating profit reached USD 248.3 million in 2014 and
net profit was USD 178.8 million. The company operates globally, employs 800
people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo
Stock Exchange with ticker code PRS. For more information, please refer
towww.prosafe.com

Larnaca, 18 August 2015
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Stig H. Christiansen, Chief Financial Officer
Prosafe Management AS
Phone: +47 51 64 25 17

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

This information is subject to 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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