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2015-08-17

Prosafe SE : Prosafe signs first contract for Safe Notos

Prosafe has signed a contract with an undisclosed client for the provision of
an accommodation vessel in the UK sector of the North Sea.

The contract firm period commitment is over eight months and will involve an
initial short period using the Safe Zephyrus commencing in Q2 2016, to be
replaced with the Safe Notos on arrival into the North Sea. In addition,
Prosafe has granted four one-month options.

Total value of the contract for the firm period is approximately USD 60
million.

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, 17 August 2015
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: +47 51 64 25 00

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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