Prosafe SE

Related Party Transaction • Mar 19, 2018

Prosafe SE: BP charters Safe Caledonia for West of Shetland

Prosafe SE: BP charters Safe Caledonia for West of Shetland

Prosafe has signed a contract with BP Exploration Operating Company Limited

('BP') for the provision of the Safe Caledonia semi-submersible accommodation

vessel at the Clair Ridge platform West of Shetland in the UK sector of the

North Sea.

The five-month contract will commence end-May 2018 providing gangway connected

operations to support hook up and commissioning activities.

Total value of the contract period is approximately USD 13.5 million.

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 March 2018

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

Prosafe Management AS

Phone: +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO

Prosafe Management AS

Phone: +47 47 80 78 13

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.