Prosafe SE — M&A Activity 2010

Sep 13, 2010

BW Offshore and Prosafe Production to combine

13 September 2010 - BW Offshore and Prosafe Production intend to combine the two

companies, creating an FPSO industry leader with a strong platform for future

growth.

Please see attachment for further details.

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

(Norwegian Securities Trading Act)

[HUG#1443974]