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Prosafe SE Major Shareholding Notification 2017

May 4, 2017

3718_mrq_2017-05-04_ce485a98-eab5-4c21-8049-05e2e3f935d0.html

Major Shareholding Notification

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SHAREHOLDING DISCLOSURE

Axis Offshore Pte. Ltd ("Axis") has resolved to distribute

to its shareholders on a pro rata basis (the "Distribution")

its aggregate holding of shares and convertible bonds issued

by Prosafe SE ("Prosafe"), constituting in total 5,868,900

shares and nominal value NOK 403,092,000 of bonds in a

subordinated zero coupon convertible bond issued by Prosafe.

The Distribution is expected to be completed on or about 4

May 2017, following which Axis will hold no shares or rights

to shares in Prosafe.

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Prosafe SE — Major Shareholding Notification 2017

3718_mrq_2017-05-04_ce485a98-eab5-4c21-8049-05e2e3f935d0.html

SHAREHOLDING DISCLOSURE

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Prosafe SE Major Shareholding Notification 2017