Prosafe SE

Report Publication Announcement • Apr 30, 2025

Prosafe SE: 2024 Annual report

Prosafe SE: 2024 Annual report

30 April 2025 - Prosafe SE today published the Annual report, Transparency Act

Statement and Remuneration report for 2024. The Annual report includes the 2024

annual accounts, corporate governance report and sustainability report.

On 31 January 2025, Prosafe reported preliminary and unaudited results for the

fourth quarter and full year 2024. Today's audited accounts include adjustments

to EBITDA and net loss compared to the end-January preliminary figures following

the sale of the Safe Concordia completed in March 2025.

* EBITDA increased by USD 3.4 from USD 23.8 million to USD 27.2 million due to

reversal of demobilisation accruals

* Impairment increased from nil to USD 8.4 million due to a realised sale

price below the net book value after the reporting date

* Net loss for the period increased by USD 4.9 million, from USD 41.8 million

to 46.7 million

The reports are attached and also available on https://www.prosafe.com/investor-

information/annual-reports/ and on https://newsweb.oslobors.no/

Prosafe also published its annual financial statements in European Single

Electronic Format (ESEF), which can be found on the website.

Prosafe is a leading owner and operator of semi-submersible accommodation

vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.

For more information, please refer to www.prosafe.com (http://www.prosafe.com/)

For further information, please contact:

Reese McNeel, CFO

Phone: +47 415 08 186

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.