Prosafe SE — M&A Activity 2018

Aug 21, 2018

Prosafe SE: Safe Boreas contract further extended at Mariner

Prosafe SE: Safe Boreas contract further extended at Mariner

Equinor UK Limited has exercised the second of six one-month options to extend

the charter of the Safe Boreas. The total value of the option is USD 6 million.

In early August 2017, the Safe Boreas commenced a 13-month firm operational

period at Mariner in the UK sector of the North Sea, which will now continue

through to early November 2018.

Prosafe is a leading owner and operator of semi-submersible accommodation

vessels. The company is headquartered in Larnaca, Cyprus and listed on the Oslo

Stock Exchange with ticker code PRS.

For more information, please refer to www.prosafe.com

Stavanger, 21 August 2018

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

Phone: +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO

Phone: +47 478 07 813

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.