Prosafe SE

Prosafe SE: Jesper Kragh Andresen to step down as CEO of Prosafe SE

After more than 6 years as CEO in Prosafe, Jesper Kragh Andresen, has informed

the Board of Directors that he will step down as CEO. He will continue in his

current role until his successor is in place. The Board has initiated a process

to identify the next CEO of the Company.

Jesper Kragh Andresen says: 'It has been a privilege to be part of the Prosafe

team through these years. My near-term focus is to ensure the optimal running of

Prosafe and at the same time contribute to a smooth transition to provide the

best possible starting point for my successor.'

Glen O. Rødland, Chairman, says: 'The Board wishes to thank Jesper for his

contribution to Prosafe and the close collaboration for more than 6 years. He

managed the company safely through the downturn in the energy industry and

subsequently a financial restructuring of Prosafe. The company is now moving

into a new phase and is well positioned for an expected upturn in the market

from 2024 and onwards.'

The Board has engaged Russell Reynolds Associates in Oslo as an advisor in the

recruitment process.

Prosafe is a leading owner and operator of semi-submersible accommodation

vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.

For more information, please refer to www.prosafe.com (http://www.prosafe.com)

Stavanger, 27 April 2023

Prosafe SE

For further information, please contact:

Glen O. Rødland, Chairman

Phone: +47 907 41 662

Jesper K. Andresen, CEO

Phone: +47 51 65 24 30 / +47 907 65 155

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

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