Prosafe SE — M&A Activity 2022

Jul 27, 2022

Prosafe SE: Contract extension for Safe Concordia

Prosafe SE: Contract extension for Safe Concordia

BP Trinidad and Tobago LLC ('bpTT') has exercised all four weeks of options for

the Safe Concordia to continue providing gangway connected operations through

September 2022 at Cassia C offshore Trinidad.

Total value of the contract extensions 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, 27 August 2022

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

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

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act