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Prosafe SE

Business and Financial Review Jul 31, 2014

3718_iss_2014-07-31_a22c7ce9-6c27-4722-b620-1d083d5dde77.html

Business and Financial Review

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Prosafe SE: Contract extension for Safe Hibernia

Prosafe SE: Contract extension for Safe Hibernia

Cotemar group has confirmed that Safe Hibernia has been awarded a contract

extension through to 23 December 2014 with unchanged day rate. The contract

value of the extension is USD 7.9 million.

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

accommodation/service vessels. Operating profit reached USD 245.1 million in

2013 and net profit was USD 199.1 million. The company operates globally,

employs about 650 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, 31 July 2014

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Sven Børre Larsen, Chief Financial Officer

Prosafe Management AS

Phone: +47 90 94 36 73

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1844530]

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