Prosafe SE

M&A Activity • Sep 24, 2018

Prosafe SE: Equinor extends Safe Boreas at Mariner

Prosafe SE: Equinor extends Safe Boreas at Mariner

Prosafe has agreed with Equinor UK Limited to extend the Safe Boreas at the

Mariner project in the UK sector of the North Sea by eight months from November

2018 until June 2019. In addition, Equinor has up to six months of options

available.

Total value of the extension commencing early November 2018 is approximately USD

45 million.

Jesper Kragh Andresen, CEO of Prosafe says: "This contract extension

demonstrates the good performance Prosafe and the Safe Boreas has achieved to

support the Mariner hook up and commissioning project. The Safe Boreas with its

large bed capacity and advanced station keeping will continue providing a high

level of service throughout the remainder of the 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 www.prosafe.com

Stavanger, 24 September 2018

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

Phone: +47 51 65 24 30 / +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO

Phone: +47 51 64 25 17 / +47 478 07 813

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.