Prosafe SE

Major Shareholding Notification • Jan 15, 2016

Disclosure of large shareholdings

Disclosure of large shareholdings

Reference is made to the stock exchange notice

published on 18 December 2015 by North Sea Strategic

Investments AS, a company managed by HitecVision

("North Sea"), regarding among other things its

execution of a forward contract for 16,414,500 Prosafe

SE shares with maturity on 15 January 2016.

North Sea has today agreed with its counterparty to

extend the maturity of the forward contract until 5

February 2016. The other terms of the forward contract

remain unchanged.

Following this, North Sea holds 31,526,403 shares in

Prosafe SE, and rights to 16,414,500 shares pursuant

to the forward contract, in total 47,940,903 shares

representing 18.5% of the issued shares and votes in

Prosafe SE. North Sea does not hold other shares or

rights to shares in Prosafe SE other than those

described in this disclosure.

This information is subject to the disclosure

requirements set out in section 4-3 of the Norwegian

Securities Trading Act.