Prosafe SE

Share Issue/Capital Change • Aug 26, 2025

Prosafe SE: Final results of the Exercise Period for Warrants issued in the Warrants Offering

Prosafe SE: Final results of the Exercise Period for Warrants issued in the Warrants Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN

AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S

REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN OR THE UNITED STATES, OR ANY

OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE

UNLAWFUL

Reference is made to the stock exchange announcement made by Prosafe SE

("Prosafe" or the "Company") on 11 August 2025 regarding commencement of the

exercise period (the "Exercise Period") for an offering of up to 17,868,651

warrants (the "Warrants") (the "Warrants Offering").

The Exercise Period expired on 25 August 2025, at 16:30 hours (CEST). At the

expiry of the Exercise Period, a total of 13,033,597 Warrants had been exercised

at the exercise price per share of NOK 0.15.

Exercising Warrant holders having access to investor services through their

Euronext Securities Oslo ("VPS") account manager will be able to check the

number of shares allocated to them from 12:00 (CEST) on 27 August 2025.

Exercising Warrant holders who do not have access to investor services through

their VPS account manager may contact DNB Issuer Services, a part of DNB Bank

ASA, from 12:00 (CEST) on 27 August 2025 to obtain information about the number

of shares allocated to them.

The payment for new shares allocated to each exercising Warrant holder falls due

on 1 September 2025. Exercising Warrants holders must ensure that there are

sufficient funds on the bank account to be debited on 29 August 2025.

Subject to timely payment of the aggregate exercise amount for the new shares on

1 September 2025, the Company expects that the share capital increase pertaining

to the issuance of the new shares will be registered with the Norwegian Register

of Business Enterprises on or about 8 September 2025 and that shares will be

delivered to the VPS accounts of the exercising Warrant holders on or about 9

September 2025.

The shares received upon exercise of Warrants will be listed on Euronext Oslo

Børs under ISIN NO0010861990 and ticker code "PRS". The shares will be listed as

soon as the new shares are fully paid, the share capital increase pertaining to

the issuance of the new shares has been registered with the Norwegian Register

of Business Enterprises, and the new shares have been issued in VPS.

For further information, please contact:

Terje Askvig, CEO

Phone: +47 952 03 886

Reese McNeel, CFO

Phone: +47 415 08 186

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act and the requirements of Oslo Børs'

Continuing Obligations.

About Prosafe

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 https://www.prosafe.com

(https://www.prosafe.com/)

Important information

This announcement is not and does not form a part of any offer to sell, or a

solicitation of an offer to purchase, any securities of the Company. The

distribution of this announcement and other information may be restricted by law

in certain jurisdictions. Copies of this announcement are not being made and may

not be distributed or sent into any jurisdiction in which such distribution

would be unlawful or would require registration or other measures. Persons into

whose possession this announcement or such other information should come are

required to inform themselves about and to observe any such restrictions.

The securities referred to in this announcement have not been and will not be

registered under the U.S. Securities Act of 1933, as amended (the "Securities

Act"), and accordingly may not be offered or sold in the United States absent

registration or an applicable exemption from the registration requirements of

the Securities Act and in accordance with applicable U.S. state securities laws.

The Company does not intend to register any part of the offering or their

securities in the United States or to conduct a public offering of securities in

the United States. Any sale in the United States of the securities mentioned in

this announcement will be made solely to "qualified institutional buyers" as

defined in Rule 144A under the Securities Act.

In any EEA Member State, this communication is only addressed to and is only

directed at qualified investors in that Member State within the meaning of the

Prospectus Regulation, i.e., only to investors who can receive the offer without

an approved prospectus in such EEA Member State. The expression "Prospectus

Regulation" means Regulation 2017/1129 as amended together with any applicable

implementing measures in any Member State.

This communication is only being distributed to and is only directed at persons

in the United Kingdom that are (i) investment professionals falling within

Article 19(5) of the Financial Services and Markets Act 2000 (Financial

Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,

and other persons to whom this announcement may lawfully be communicated,

falling within Article 49(2)(a) to (d) of the Order (all such persons together

being referred to as "relevant persons"). This communication must not be acted

on or relied on by persons who are not relevant persons. Any investment or

investment activity to which this communication relates is available only for

relevant persons and will be engaged in only with relevant persons. Persons

distributing this communication must satisfy themselves that it is lawful to do

so.

Matters discussed in this announcement may constitute forward-looking

statements. Forward-looking statements are statements that are not historical

facts and may be identified by words such as "believe", "expect", "anticipate",

"strategy", "intends", "estimate", "will", "may", "continue", "should" and

similar expressions. The forward-looking statements in this release are based

upon various assumptions, many of which are based, in turn, upon further

assumptions. Although the Company believes that these assumptions were

reasonable when made, these assumptions are inherently subject to significant

known and unknown risks, uncertainties, contingencies and other important

factors which are difficult or impossible to predict and are beyond its control.

Actual events may differ significantly from any anticipated development due to a

number of factors, including without limitation, changes in investment levels

and need for the Company's services, changes in the general economic, political

and market conditions in the markets in which the Company operate, the Company's

ability to attract, retain and motivate qualified personnel, changes in the

Company's ability to engage in commercially acceptable acquisitions and

strategic investments, and changes in laws and regulation and the potential

impact of legal proceedings and actions. Such risks, uncertainties,

contingencies and other important factors could cause actual events to differ

materially from the expectations expressed or implied in this release by such

forward-looking statements. The Company does not provide any guarantees that the

assumptions underlying the forward-looking statements in this announcement are

free from errors nor does it accept any responsibility for the future accuracy

of the opinions expressed in this announcement or any obligation to update or

revise the statements in this announcement to reflect subsequent events. You

should not place undue reliance on the forward-looking statements in this

announcement. The information, opinions and forward-looking statements contained

in this announcement speak only as at its date, and are subject to change

without notice. The Company does not undertake any obligation to review, update,

confirm, or to release publicly any revisions to any forward-looking statements

to reflect events that occur or circumstances that arise in relation to the

content of this announcement.

This announcement is for information purposes only and is not to be relied upon

in substitution for the exercise of independent judgment. It is not intended as

investment advice and under no circumstances is it to be used or considered as

an offer to sell, or a solicitation of an offer to buy any securities or a

recommendation to buy or sell any securities in the Company.