Prosafe SE

Prosafe SE: Successfully completed bond issue

Reference is made to the notification sent on 26 August 2014 regarding a new

contemplated bond issue in Prosafe SE. Prosafe SE has successfully completed a

NOK 700 million unsecured bond issue maturing in September 2019.

The bond carries an interest of 3-month NIBOR plus 3.10 per cent. Settlement

date is expected to be 9 September 2014.

An application will be made for the bonds to be listed on the Oslo Stock

Exchange. The proceeds will be used for refinancing and for general corporate

purposes.

Danske Bank Markets, Pareto Securities and Swedbank acted as Joint Lead Managers

for the issuance.

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

accommodation vessels. Operating profit reached USD 245.1 million in 2013 and

net profit was USD 199.1 million. The company operates globally, employs 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, 26 August 2014

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Sven Børre Larsen, Chief Financial Officer

Prosafe Management AS

Phone: +47 51 64 25 30

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1851156]

AI Terminal