Prosafe SE

Regulatory Filings • Aug 27, 2015

Prosafe SE : Shell charters Regalia in 2016

Prosafe SE : Shell charters Regalia in 2016

Prosafe has signed a contract with Shell U.K. Limited (Shell) for the provision

of the Regalia semi-submersible accommodation vessel at the Brent C platform in

the UK sector of the North Sea.

The short duration contract commencing Q2 2016 will provide Dynamically

Positioned (DP) gangway connection for the duration of the project. This

contract award follows the Regalia recently completing a successful assignment

for Shell at the Shearwater platform.

Total value of the contract is approximately USD 24 million.

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, 27 August 2015

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Stig H. 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 to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1947835]