Prosafe SE

Share Issue/Capital Change • Feb 9, 2018

Prosafe SE: Part conversion of convertible bonds, new shares issued

Prosafe SE: Part conversion of convertible bonds, new shares issued

Reference is made to the convertible bonds issued by Prosafe SE ("Prosafe" or

"the Company") on 16 December 2016 with ISIN NO0010780992 ("Convertible Bonds").

Notices for part conversion have been received on the basis of which Convertible

Bonds of nominal value NOK 692,000 have been converted into 23,066 new ordinary

shares in the Company today, based on the conversion price of NOK 30 per share.

Following the conversion, there are no remaining Convertible Bonds with ISIN

NO0010780992. The number of outstanding shares in the Company has increased to

80,748,875 shares, each of nominal value EUR 0.1.

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, 9 February 2018

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

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.