Prosafe SE

Earnings Release • Mar 24, 2017

Prosafe SE: Financial Statements for 2016 approved

Prosafe SE: Financial Statements for 2016 approved

The Board of Directors of Prosafe SE has approved the financial statements for

2016 showing a net profit of USD 172.6 million, resulting in diluted earnings

per share of USD 8.10.

The company reported its IFRS unaudited fourth quarter and preliminary full year

2016 results on 9 February 2017. There were no changes to the consolidated

statements of profit and loss or the statements of financial position compared

to those presented on 9 February 2017.

The Annual Report for 2016 will be published on the company's website and

notified to the Oslo Stock Exchange in April 2017.

The Annual General Meeting will be held on 10 May 2017.

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, 24 March 2017

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Stig Harry Christiansen, Deputy CEO and CFO

Prosafe Management AS

Phone: +47 478 07 813

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations

Prosafe AS

Phone: +47 51 64 25 20 / +47 991 09 467

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.