Prosafe SE

Major Shareholding Notification • May 12, 2023

Prosafe SE: Flagging

Prosafe SE: Flagging

Stavanger, 12 May 2023

North Sea Strategic Investments AS, an entity wholly owned by HitecVision VII L.P., and HV VI Invest Sierra AS, an entity wholly owned by HitecVision VI L.P. (the “Share Lenders”), both managed by HitecVision Advisory AS, has on 10 May 2023 entered into a share lending agreement pursuant to which it has granted DNB Markets, part of DNB Bank ASA (the “Settlement Agent”) an option to borrow up to 1 355 363 shares and 1 116 565, respectively, in total 2 471 928 ordinary shares in the Company, to facilitate settlement in the contemplated private placement in the Company. The Settlement Agent has today borrowed the maximum number of shares. Consequently, the Share Lenders have reduced their holding from 2 471 928 shares representing 28.09 % of the shares and votes to nil shares and votes.

The Share Lenders expect to increase their holding to 1 355 363 and 1 116 565 shares, respectively, in total 2 471 928 shares and votes, upon re-delivery of the shares from the Settlement Agent.