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2017-01-30

Prosafe SE: Repsol Sinopec further extend the Safe Boreas charter

Repsol Sinopec Resources UK Limited (formerly Talisman Sinopec Energy UK
Limited) has exercised further options to extend the charter of the Safe
Boreas by a total of 17 days.

The firm operational period of the Safe Boreas at Montrose A in the UK sector
of the North Sea is now through 27 February 2017 with Prosafe continuing with
the reduced option periods' day rate consistent with market conditions.

Repsol Sinopec has the ability to extend the Safe Boreas further through
weekly options.

Prosafe is a leading owner and operator of semi-submersible accommodation
vessels. The company is headquartered in Larnaca, Cyprus and listed on the
Oslo Stock Exchange with ticker code PRS. For more information, please refer
towww.prosafe.com

Larnaca, 30 January 2017
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Stig Harry Christiansen, Acting CEO
Prosafe Management AS
Phone: +47 478 07 813

Robin Laird, Acting CFO
Prosafe Offshore Services Pte. Ltd.
Phone: +65 81 27 21 01

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 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 Corporate Solutions on behalf of Nasdaq 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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