PROD - Mandatory Notification of Trades

The following primary insiders have on 22 March bought shares in Prosafe

Production Public Limited:

Bjørn Henriksen, President and CEO, has bought 150,000 shares through his wholly

owned company Rogh Invest AS at a price of NOK 13.1176. After the transaction

Mr. Henriksen and related parties hold 306,000 shares, 1,000,000 synthetic

options with a strike of NOK 36.52 and 363,000 synthetic options with a strike

of NOK 12.09.

Roy Hallås, Executive Vice President and COO, has bought 50,000 shares through

his wholly owned company Grindstua AS at a price of NOK 13.26. After the

transaction Mr. Hallås and related parties hold 155,930 shares, 950,000

synthetic options with a strike of NOK 36.52 and 281,000 synthetic options with

a strike of NOK 12.09.

Sven Børre Larsen, Executive Vice President and CFO, has bought 15,000 shares at

a price of NOK 13.1176. After the transaction Mr. Larsen holds 39,000 shares,

300,000 synthetic options with a strike of NOK 36.52 and 281,000 synthetic

options with a strike of NOK 12.09.

Ståle Andreassen, Senior Vice President Finance, has bought 15,000 shares at a

price of NOK 13.10. After the transaction Mr. Andreassen holds 15,000 shares and

100,000 synthetic options with a strike of NOK 12.09.

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1396015]

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