Prosafe SE — Director's Dealing 2010

Mar 23, 2010

PROD - Mandatory Notification of Trade

Primary insider Helge Ystheim, President of Prosafe Production Sevices Pte.

Ltd., on 22 March bought 38,000 shares in Prosafe Production Public Ltd. at a

price of NOK 13.39605. After the transaction Mr. Ystheim holds 60,000 shares,

60,000 synthetic options with a strike of NOK 36.52 and 150,000 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#1396392]