Prosafe SE

Capital/Financing Update • Aug 10, 2023

Prosafe SE: Safe Concordia on-hire in US Gulf

Prosafe SE: Safe Concordia on-hire in US Gulf

With reference to the public disclosure dated 20 July 2023, Safe Concordia has

as planned successfully commenced the firm contract period of 330 days with up

to 6 months of options on 9 August 2023 with a major operator in the US Gulf of

Mexico.

Reese McNeel (interim CEO), says: "Prosafe is exceptionally pleased that the

upgrades and preparations conducted on the Safe Concordia have been successfully

completed and that the vessel commenced the contract within the scheduled

mobilisation window. I am confident that both vessel and crew will perform at

the highest level ensuring safe and efficient operations throughout the duration

of contract."

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

vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.

For more information, please refer to https://www.prosafe.com

Stavanger, 10 August 2023

Prosafe SE

For further information, please contact:

Reese McNeel, CEO (interim)

Phone: +47 47 51 64 25 17 / +47 415 08 186

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.