Prosafe SE

Regulatory Filings • Feb 10, 2022

Prosafe SE: Safe Concordia chartered by bp for Cassia C platform

Prosafe SE: Safe Concordia chartered by bp for Cassia C platform

BP Trinidad and Tobago LLC ('bpTT') has chartered the Safe Concordia to provide

gangway connected operations at Cassia C offshore Trinidad.

The firm duration of the contract shall be approximately 160 days in direct

continuation of her current contract at Cassia C, estimated 24 March 2022,

through to and including 31 August 2022. In addition, bpTT has up to four weeks

of options.

The value of the contract firm duration is USD 19.4 million.

Jesper Kragh Andresen, CEO of Prosafe says: "The Safe Concordia has been

providing a stable and versatile platform for gangway connected operations at

Cassia C and Prosafe is extremely pleased that bp has elected to continue its

charter. The flexibility the Safe Concordia offers through high bed capacity,

large deck space and dynamic positioning means that bp can continue to plan and

execute operations in an efficient manner."

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, 10 February 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