Prosafe SE

Board/Management Information • Sep 29, 2015

Prosafe SE: Chairman of the Board resigns

Prosafe SE: Chairman of the Board resigns

Ronny Johan Langeland has decided to resign as Chairman of the Board of Prosafe

SE with effect from 28 September 2015 solely due to health reasons.

The Board will convene an extraordinary general meeting on 23 October to elect a

new director as Chairman. The Election Committee has notified the Board that it

recommends Mr Harald Espedal as a replacement for Mr Langeland. Deputy Chairman

Christian Brinch will act as Chairman until a new Chairman is elected.

Mr Langeland has been a Director of the Board of Prosafe since 2002 and Chairman

since May 2014. Prosafe would like to express its gratitude to Mr Langeland for

his significant contributions during his term of office as Director and

Chairman.

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, 29 September 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

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1955064]