Prosafe SE

M&A Activity • Mar 22, 2019

Prosafe SE: Safe Scandinavia option restructure and extension

Prosafe SE: Safe Scandinavia option restructure and extension

Prosafe has agreed with Aker BP ASA to restructure the remaining seven one-month

options for the Safe Scandinavia at the Ula platform in the Norwegian sector of

the North Sea, to three one-week options. In addition, the first of the one-week

options has been exercised. The total value of the option is approximately USD

1 million with operations continuing into early-May 2019.

The Safe Scandinavia will be available for charter from late-May 2019 offering a

unique combination of high bed capacity, drilling support services, plug and

abandon, well intervention and decommissioning.

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, 22 March 2019

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