Prosafe SE

Regulatory Filings • Jul 31, 2019

Prosafe SE: Total UK award Key Contract to Safe Caledonia

Prosafe SE: Total UK award Key Contract to Safe Caledonia

Prosafe has signed a contract with Total E&P UK Limited ('Total') for the Safe

Caledonia to provide accommodation support at the Elgin complex in the UK sector

of the North Sea. The firm duration of the contract commencing mid-April 2020 is

162 days with one 30-day option.

Jesper Kragh Andresen, CEO of Prosafe says: "This contract for Prosafe is

extremely important as Total continue to invest into the North Sea. In 2017 the

Safe Caledonia conducted gangway connected operations at Elgin with

unprecedented operational uptime - and we fully expect to deliver the same in

2020. For the Safe Caledonia to be available, the previously announced contract

commencing mid-2020 will take delivery of either the Safe Boreas or Safe

Zephyrus."

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 www.prosafe.com (http://www.prosafe.com/)

Stavanger, 31 July 2019

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