Prosafe SE

Prosafe SE: Contract and tender status update - March 2023

Contract update

Safe Zephyrus has arrived in Brazil and preparations are ongoing for contract

commencement with Petrobras on 1 May 2023.

Safe Eurus started its new four-year contract with Petrobras on 17 February

2023 following directly from the expiry of the previous contract. Safe Eurus was

expected to be off hire for approximately 35 days in April/May 2023. The off-

hire period has now been moved to Q1 2024. Petrobras contract compliance works,

hull cleaning and SPS will now be conducted then.

Safe Notos is expected to be off hire for approximately 30 days in May 2023 for

Petrobras contract compliance works and hull cleaning.

Safe Concordia is laid up in Curaçao where ramp-up and mobilization works have

started for the upcoming project in the US Gulf of Mexico. The commencement

window is currently July through September 2023. A standby rate of USD 28,000

per day has been agreed for the period from 1 August until the latest

commencement date of 30 September.

The Safe Caledonia is laid up at Scapa Flow in the UK pending future work.

Safe Boreas is laid up in Norway pending future work.

Safe Scandinavia is laid up in Norway and is being marketed broadly.

Tender update

The recent Petrobras tender for 450 days has been cancelled. Prosafe is

currently not participating in any Petrobras tenders.

Prosafe is participating in the following tenders:

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Prosafe expects an additional 1 to 3 tenders and/or direct awards in the North

Sea for 2024 as well as additional opportunities for 2025. Petrobras may also

announce new tenders in 2023.

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 https://www.prosafe.com

Stavanger, 21 March 2023

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

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

Reese McNeel, CFO

Phone: +47 47 51 64 25 17 / +47 415 08 186

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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