Prosafe SE

Regulatory Filings • May 4, 2022

Prosafe SE: Four-year contract awarded from Petrobras for Safe Notos in Brazil

Prosafe SE: Four-year contract awarded from Petrobras for Safe Notos in Brazil

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

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

maintenance support offshore Brazil.

The contract linked to the award has a firm period commitment of four (4) years

and the commencement is in Q3/Q4 2022 following on from the expiry of her

current mutually extended three-year contract that commenced in Q4 2016. The

total value of the contract is approximately USD 110 million.

The Safe Notos is a technologically advanced and efficient Dynamically

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

of operating in harsh environments. The Safe Notos 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: "Brazil remains a primary

operational region for Prosafe and it is a testament to crew, vessel and

operational management that the Safe Notos will continue to demonstrate best in

class performance into 2026."

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, 4 May 2022

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

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

Stig Harry Christiansen, Deputy CEO and CFO

Phone: +47 51 64 25 17 / +47 478 07 813

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act