Prosafe SE

Capital/Financing Update • May 25, 2022

Prosafe SE: Safe Eurus contract award from Petrobras

Prosafe SE: Safe Eurus contract award from Petrobras

Prosafe has been awarded a contract by Petróleo Brasileiro SA ('Petrobras') for

the provision of the Safe Eurus semi-submersible vessel for safety and

maintenance support offshore Brazil.

Similar to the recently announced Safe Notos contract award, the award has a

firm period commitment of four (4) years and the commencement is end-March 2023

following on from the expiry of her current contract that commenced in October

2019. The total value of the contract is approximately USD 126 million.

The Safe Eurus is a technologically advanced and efficient Dynamically

Positioned (DP3) semi-submersible safety and maintenance support vessel, capable

of operating in harsh environments. The Safe Eurus can accommodate up to 500

persons, has extensive recreation facilities and a large capacity open deck area

and telescopic gangway. When operating the vessel, Prosafe will have strong

focus on reducing emissions through innovative energy performance monitoring and

associated fuel consumption reduction.

Jesper Kragh Andresen, CEO of Prosafe says: "This award from Petrobras for the

Safe Eurus comes in close succession to that recently announced for the Safe

Notos. Ensuring high vessel utilisation for Prosafe in Brazil creates a robust

platform to expand the regional fleet when opportunities materialise through the

global agreement reached with COSCO Shipping for the Safe Nova and Safe Vega."

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, 25 May 2022

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

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

Robin Laird, Director of Investor and Lender Relations

Phone: +65 81 27 21 01

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act