PROD - Notice of Annual General Meeting 2010

The annual general meeting of Prosafe Production will be held at Four Seasons

hotel, Ag. Tychonas, Limassol 3313, Cyprus, on Tuesday 11 May 2010 at 13:00

Cyprus time. Please find attached the notice of the annual general meeting and

the notice of attendance / proxy, as well as the annual report for 2009.

About Prosafe Production

Prosafe Production is a leading owner and operator of Floating Production,

Storage and Offloading vessels (FPSOs). Prosafe Production has 25 years of

operational experience from several of the world's largest oil and gas

provinces. Prosafe Production operates globally and employs approximately 1,000

employees from more than 40 countries. Headquartered in Limassol, Cyprus,

Prosafe Production is listed on the Oslo Stock Exchange with ticker code PROD.

For more information, please refer to www.prosafeproduction.com

Limassol, 16 April 2010

Prosafe Production Public Limited

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1404417]

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