Prosafe SE

Capital/Financing Update • Sep 12, 2017

Prosafe SE: Total extends Safe Caledonia at Central Graben

Prosafe SE: Total extends Safe Caledonia at Central Graben

Total E & P UK Limited ("Total")  has extended the charter of the Safe Caledonia

semi-submersible accommodation vessel at the Elgin-Franklin Facility in the UK

sector of the North Sea.

The 30-day option extends on site operations through until late October 2017.

Prosafe is a leading owner and operator of semi-submersible accommodation

vessels. The company is headquartered in Larnaca, Cyprus and listed on the Oslo

Stock Exchange with ticker code PRS. For more information, please refer to

www.prosafe.com

Larnaca, 12 September 2017

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

Prosafe Management AS

Phone: +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO

Prosafe Management AS

Phone: +47 51 64 25 17 / +47 478 07 813

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations

Prosafe AS

Phone: +47 51 64 25 20 / +47 991 09 467

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.