Notice of annual general meeting 2010

Notice is hereby given that the annual general meeting of Prosafe SE will be

held at the company's head office at 126 Stadiou Street, 6020 Larnaca, Cyprus on

12 May 2010 at 1:00 p.m. Cyprus time.

Please find attached the full notice which includes additional information about

the agenda, the recommendation of the election committee, detailed voting

instructions, the notice of attendance at the general meeting / proxy, and a PDF

version of the annual report for 2009. The documents are also available on

Prosafe's website www.prosafe.com .

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

accommodation/service rigs. Operating profit reached USD 218.6 million in 2009.

The company operates globally, employs approx. 400 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, 19 April 2010

Prosafe SE

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

(Norwegian Securities Trading Act)

[HUG#1405070]

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