Prosafe SE

Share Issue/Capital Change • Jul 12, 2016

Prosafe SE:Update on bookbuilding.

Prosafe SE:Update on bookbuilding.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR

INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG OR JAPAN,

OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION

WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE

SECURITIES DESCRIBED HEREIN.

Reference is made to the ongoing private placement and bookbuilding in Prosafe

SE. The managers has received orders with gross demand exceeding USD 130

million.

The book is expected to close 16:30 CET today, Thuesday 12 July.

Larnaca,12 July 2016

Georgina Georgiou, General Manager

Prosafe SE

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#2027942]