Prosafe SE

AGM Information • May 28, 2014

Prosafe SE: Annual General Meeting held

Prosafe SE: Annual General Meeting held

The Annual General Meeting of the shareholders of Prosafe SE was held on 28 May

2014 at 1 p.m. Cyprus time in the company's registered office at 126 Stadiou,

6020 Larnaca, Cyprus. All items as proposed on the agenda were adopted.

Attached the minutes of the Annual General Meeting.

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

accommodation/service rigs. Operating profit reached USD 245.1 million in 2013

and net profit was USD 199.1 million. The company operates globally, employs

610 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, 28 May 2014

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Karl Ronny Klungtvedt, Chief Executive Officer

Prosafe Management AS

Phone: + 47 51 64 25 81

Sven Børre Larsen, Chief Financial Officer

Prosafe Management AS

Phone: +47 909 43 673

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations

Prosafe AS

Phone: +47 51 64 25 20 / +47 991 09 467

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1789147]