Prosafe SE

Major Shareholding Notification • Jul 21, 2025

Prosafe SE: Shareholding Disclosure

Prosafe SE: Shareholding Disclosure

21 July 2025 - Reference is made to the stock exchange announcement made by

Prosafe SE (the "Company") on 24 April 2025 regarding the recapitalization of

the Company, where it was announced, amongst other things, that part of the

Company's debt, including to the institution listed below, will be converted

into equity in the Company (the "Debt Conversion"). Further reference is made to

the stock exchange made by the Company today, 21 July 2025, regarding completion

of the Debt Conversion.

Following the Debt Conversion, Burlington Loan Management DAC will own in total

60,107,018 shares in the Company, representing approximately 17.70 % of the

total 339,504,369 outstanding shares and votes in the Company, thereby crossing

the 15 % disclosure threshold in the Norwegian Securities Trading Act Section

4?2.

This information is subject to the disclosure requirement in the Norwegian

Securities Trading Act section 4?2.