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2016-01-18

Prosafe SE: Seller's credit agreed with Jurong Shipyard Pte Ltd. for Safe Zephyrus

In connection with delivery of the Safe Zephyrus, currently scheduled for the
end of January 2016, the final delivery instalment of the Safe Zephyrus will
be reduced by USD 30 million.

This represents a seller's credit from Jurong Shipyard Pte Ltd., to be repaid
in a single payment on or before 15 June 2017.

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 January 2016
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

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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