Prosafe SE

Pre-Annual General Meeting Information • Jul 27, 2016

Prosafe SE: Notice of extraordinary general meeting

Prosafe SE: Notice of extraordinary general meeting

In connection with the proposed refinancing announced on 7 July 2016, Prosafe SE

(the "Company") calls for an extraordinary general meeting to be held on 23

August 2016 at 08:00 am CEST / 09:00 am Cyprus time at the Company's registered

office at 126 Stadiou Street, 2nd floor, 6020 Larnaca.

For further detailed information, please see the attached notice. The notice

will be distributed to shareholders in accordance with the Company's articles.

Prosafe is the world's 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, 27 July 2016

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Stig Harry Christiansen, Acting CEO

Prosafe Management AS

Phone: +47 478 07 813

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#2031091]