Prosafe SE

Prosafe SE: Westcon appeals the court judgement regarding the TSV Safe Scandinavia conversion

Reference is made to press release dated 8 March 2018 in which Prosafe informed

that Stavanger City Court issued its judgement in favour of Prosafe in respect

of the dispute between Westcon Yards AS (Westcon) and Prosafe relating to the

conversion of the Safe Scandinavia into a tender support vessel.

The Court decided that Westcon must pay Prosafe NOK 344 million plus interest

and NOK 10.6 million legal costs.

Prosafe has today been informed that Westcon has filed an appeal against this

judgement. Prosafe takes notice of the appeal and is prepared to continue to

defend its case in order to maintain or improve on the result in the first

instance.

Prosafe is a leading owner and operator of semi-submersible accommodation

vessels. The Company is headquartered in Larnaca, Cyprus and listed on the Oslo

Stock Exchange with ticker code PRS. For more information, please refer to

www.prosafe.com

Larnaca, 19 April 2018

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

Prosafe Management AS

Phone: +47 51 64 25 30 / +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO

Prosafe Management AS

Phone: +47 51 64 25 17 / +47 47 80 78 13

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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