Prosafe SE — Capital/Financing Update 2015

Dec 4, 2015

Disclosure

Disclosure

Reference is made to today's stock exchange notice

(the "Notice") from Prosafe SE regarding its

completion of a NOK 590 million private placement.

North Sea Strategic Investments AS ("NSSI") has

subscribed for and been allocated 16,414,500 new

shares in Prosafe SE in the private placement. As a

result, NSSI's aggregate shareholding in Prosafe SE

upon registration of the private placement will be

42,490,997 shares, which implies that NSSI will have

an ownership of 16.543% in Prosafe SE after

registration of the private placement.

This information is subject to the disclosure

requirements set out in section 4-3 of the Norwegian

Securities Trading Act.