Prosafe SE

AGM Information • Nov 30, 2016

Prosafe SE: Extraordinary general meetings completed

Prosafe SE: Extraordinary general meetings completed

Pursuant to notices of 8 and 15 November 2016, two extraordinary general

meetings of the shareholders of Prosafe SE ("Prosafe" or the "Company") were

held today, 30 November 2016, at the Company's registered office at 126 Stadiou,

6020 Larnaca, Cyprus.

As follows from the attached minutes from the extraordinary general meetings,

the Company is pleased to have received the shareholders' support for all items

on the agendas, including the actions related to the reverse split, board

appointment and authorisations required for the contemplated transactions with

Axis Offshore Pte. Ltd as announced on 10 November 2016.

The Company expects to announce definitive agreements with Axis Offshore Pte.

Ltd shortly. Record dates and other practical details with respect to

implementation of the reverse share split will be announced in due course.

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

vessels. The company operates globally and is headquartered in Larnaca, Cyprus.

Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more

information, please refer to www.prosafe.com

Larnaca, 30 November 2016

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Stig Harry Christiansen, Acting CEO

Prosafe Management AS

Phone: +47 51 64 25 17

Robin Laird, Acting CFO

Prosafe Offshore Services Pte. Ltd.

Phone: +65 81 27 21 01

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations

Prosafe AS

Phone: +47 51 64 25 20

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.