Prosafe SE

Board/Management Information • Jul 3, 2015

Prosafe SE: Prosafe appoints new Chief Financial Officer

Prosafe SE: Prosafe appoints new Chief Financial Officer

Prosafe is pleased to announce the appointment of Stig H. Christiansen as new

Chief Financial Officer for Prosafe Management AS. The effective date of Mr.

Christiansen's employment is yet to be determined.

Mr. Christiansen brings with him more than 20 years of experience from

management and finance positions in the oil and gas industry. Since 2009 he has

been Chief Executive Officer of the international oil service provider Add

Energy Group AS and before that he was Senior Vice President - Group Finance in

the E&P company Statoil ASA. Mr. Christiansen was employed by Prosafe in the

period from 1997 to 2005, the last five years of which as Chief Financial

Officer for the Group.

Mr. Christiansen holds an MBA in International Business Economics from the

University of Aalborg, Denmark, and is a Bachelor of Commerce from the

University of Birmingham, UK.

"We are delighted to see Stig back in Prosafe. Not only does he know the company

and the industry well from his years here, but he has also accumulated a wealth

of knowledge and experience from other parts of the oil and gas value chain. His

contribution has been important in past successes of Prosafe and we are looking

forward to working together with him in developing the company further and

continuing creating shareholder value," says Karl Ronny Klungtvedt, Chief

Executive Officer, Prosafe Management AS.

The current Chief Financial Officer, Sven Børre Larsen resigned in late May

(ref. announcement on 27 May 2015) to assume a similar position in TGS-NOPEC

Geophysical Company.

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, 3 July 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

Sven Børre Larsen, Chief Financial Officer

Prosafe Management AS

Phone: +47 909 43 673

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1934087]