Prosafe SE

Prosafe SE: Seller's credit agreed with Jurong Shipyard Pte Ltd. for Safe Zephyrus

In connection with delivery of the Safe Zephyrus, currently scheduled for the

end of January 2016, the final delivery instalment of the Safe Zephyrus will be

reduced by USD 30 million.

This represents a seller's credit from Jurong Shipyard Pte Ltd., to be repaid in

a single payment on or before 15 June 2017.

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

accommodation vessels. Operating profit reached USD 248.3 million in 2014 and

net profit was USD 178.8 million. The company operates globally, employs 800

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, 18 January 2016

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations

Prosafe AS

Phone: +47 51 64 25 20

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1979463]

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