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Prosafe SE

Major Shareholding Notification Dec 21, 2010

3718_dirs_2010-12-21_7b0e1af0-c5d2-40c5-875a-1d744cc6f414.html

Major Shareholding Notification

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Mandatory notification of trade

The board of directors in Prosafe SE has earlier resolved an annual arrangement

that gives the employees the opportunity to acquire shares in the company for a

value of up to NOK 7,500 with a discount of 20 per cent.

Prosafe SE has 20 December transferred 7.216 of its own shares to Prosafe

employees at an average share price of NOK 42,52.

After this transaction, Prosafe SE owns a total of 6.988.031 own shares.

Prosafe SE

Larnaca, 21 December 2010

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1474497]

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