Prosafe SE — M&A Activity 2014

Apr 15, 2014

Contract extension for Safe Hibernia

Contract extension for Safe Hibernia

Cotemar group has confirmed that Safe Hibernia has been awarded a contract

extension through to 27 July 2014 with unchanged day rate. The contract value of

the extension is USD 6.2 million.

Prosafe is the world's leading owner and operator of semi-submersible

accommodation/service vessels. Operating profit reached USD 245.1 million in

2013 and net profit was USD 199.1 million. The company operates globally,

employs 595 people and is headquartered in Larnaca, Cyprus. Prosafe is listed on

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

to www.prosafe.com.

Larnaca, 15 April 2014

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

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 of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1777407]