Prosafe SE - Capital/Financing Update 2014

Prosafe SE: New contemplated bond issue

Prosafe SE is contemplating to issue a senior unsecured bond in the Norwegian

bond market maturing in September 2019. The purpose of the contemplated bond is

refinancing of existing debt and for general corporate purposes.

Danske Bank Markets, Pareto Securities and Swedbank are acting 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#1851070]

AI assistant