Prosafe SE

Regulatory Filings • Dec 3, 2014

Prosafe SE : Contract option exercised by Premier Oil

Prosafe SE : Contract option exercised by Premier Oil

Reference is made to the third quarter 2014 report. Premier Oil UK Limited has

exercised the one month option for the provision of the Safe Scandinavia semi-

submersible accommodation vessel at the Solan installation on the UK continental

shelf.

The one month option extends on site operations through until end-February 2015

and has a total value of approximately USD 8.4 million.

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

accommodation/service rigs. Operating profit reached USD 245.1 million in 2013

and net profit was USD 199.1 million. The company operates globally, employs

650 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 December 2014

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 70

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1876461]