Prosafe SE — M&A Activity 2020

Mar 13, 2020

Prosafe SE: Safe Zephyrus to support Thistle Tank Removal

Prosafe SE: Safe Zephyrus to support Thistle Tank Removal

Prosafe has been awarded a contract to provide accommodation in support of the

redundant subsea tank removal and safe re-habitation of the Thistle Alpha

platform in the UK North Sea.

Jesper Kragh Andresen, CEO of Prosafe says: "The mobilisation of the Safe

Zephyrus for this project shows the ability for operators to effectively use a

capable and versatile accommodation vessel to support offshore activities, even

if for a short period. Synergies with the existing contract commencing 1 May,

also in the UK sector, will allow for a seamless transition meaning it's a win-

win and Prosafe are extremely pleased to work with a new client."

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 (http://www.prosafe.com)

Stavanger, 13 March 2020

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 the Norwegian Securities Trading Act