Prosafe SE

AGM Information • Mar 15, 2016

Prosafe SE : Extraordinary general meeting held

Prosafe SE : Extraordinary general meeting held

The Extraordinary General Meeting of the shareholders of Prosafe SE was held on

15 March 2016 at 9 a.m. Cyprus time in the company's registered office at 126

Stadiou, 6020 Larnaca, Cyprus.

All items as proposed on the agenda were adopted including the appointment of

Glen Ole Rødland as an additional non executive director of the company.

Please find attached the minutes of the Extraordinary General Meeting.

Prosafe is the world's leading owner and operator of semi-submersible

accommodation vessels. Operating profit reached USD 167 million in 2015 and net

profit was USD 85.6 million. The company operates globally, employs 850 people

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, 15 March 2016

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Karl Ronny Klungtvedt, Chief Executive Officer

Prosafe Management AS

Phone: +357 2462 2450

Stig Harry Christiansen, Chief Financial Officer

Prosafe Management AS

Phone: +357 2462 2450

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.

[HUG#1994308]