Prosafe SE — M&A Activity 2022

Sep 22, 2022

Prosafe SE: First option month exercised for Safe Zephyrus

Prosafe SE: First option month exercised for Safe Zephyrus

BP Exploration Operating Company Limited ('bp') has exercised the first of four

months of options through 21(st) December 2022 for the charter of the Safe

Zephyrus to continue providing gangway connected operations supporting the

Seagull project at the ETAP central processing facility in the UK North Sea.

The value of the one-month extension is approximately USD 3.5 million.

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 https://www.prosafe.com

Stavanger, 22 September 2022

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

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

Reese McNeel, CFO

Phone: +47 47 51 64 25 17 / +47 415 08 186

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.