Prosafe SE

Regulatory Filings • Aug 14, 2015

Prosafe SE : Three-year contract for Safe Eurus in Brazil

Prosafe SE : Three-year contract for Safe Eurus in Brazil

Prosafe has signed a contract with Petrobras Netherlands B.V. (Petrobras) for

the provision of the Safe Eurus semi-submersible vessel for safety and

maintenance support offshore Brazil.

The contract commencing Q1 2017 with a firm period commitment of three years

will be the first for the Safe Eurus, a vessel designed and built to service the

Brazilian market. Safe Eurus will be the second Prosafe vessel under charter to

Petrobras.

The Safe Eurus, a technologically advanced and efficient Dynamically Positioned

(DP3), harsh environment semi-submersible safety and maintenance support vessel,

can accommodate up to 500 persons with extensive recreation facilities. In

addition with a large capacity open deck area and telescopic gangway, the Safe

Eurus will provide Petrobras with 300 tonne lift capability.

Total value of the contract is approximately USD 164 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, 14 August 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 55

Stig H. Christensen, 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#1945634]