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Prosafe SE

Legal Proceedings Report Oct 14, 2021

3718_rns_2021-10-14_cdb01bc8-f84b-414d-9a08-bb0b9a6a4b83.html

Legal Proceedings Report

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Prosafe SE and subsidiary company Prosafe Rigs Pte. Ltd. - Update on Westcon settlement

Prosafe SE and subsidiary company Prosafe Rigs Pte. Ltd. - Update on Westcon settlement

Reference is made to the earlier information provided about the ongoing

financial process with the lenders, the latest in a press release dated 13

October 2021.

Prosafe SE is pleased to announce that Westcon Yards AS  has today confirmed

their formal support of the Schemes with modification approved by the Scheme

Meetings of Prosafe SE and Prosafe Rigs Pte. Ltd. on 28 September 2021.

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, 14 October 2021

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

Phone: +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO

Phone: +47 478 07 813

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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