Prosafe SE

Regulatory Filings • Nov 26, 2015

Prosafe SE: Delivery of the Safe Zephyrus

Prosafe SE: Delivery of the Safe Zephyrus

Prosafe and Jurong Shipyard Pte Ltd. in Singapore have agreed to a flexible

delivery of the Safe Zephyrus to align with Prosafe's contract portfolio.

If Prosafe defer delivery until after end 2015, Prosafe's capital expenditure

guiding for 2015 will be reduced by an amount equivalent to the final instalment

of the Safe Zephyrus capital expenditure.

The Safe Zephyrus is complete and on budget.

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

accommodation vessels. Operating profit reached USD 248.3 million in 2014 and

net profit was USD 178.8 million. The company operates globally, employs 800

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, 26 November 2015

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Karl Ronny Klungtvedt, Chief Executive Officer

Prosafe Management AS

Phone: +47 51 64 25 00

Stig Harry Christiansen, Chief Financial Officer

Prosafe Management AS

Phone: +47 51 64 25 17

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations

Prosafe AS

Phone: +47 51 64 25 20

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1969593]