Prosafe SE

Notice of Dividend Amount • May 12, 2010

Dividend approved

The board of directors resolved on 12 May 2010 to declare an interim dividend

equivalent to USD 0.095 per share to shareholders of record as of 25 May 2010.

The shares will trade ex-dividend on 20 May 2010. The dividend will be paid in

the form of NOK 0.58 per share on 3 June 2010.

Prosafe is the world's leading owner and operator of semi-submersible

accommodation/service rigs. Operating profit reached USD 218.6 million in 2009.

The company operates globally, employs approx. 400 people and is headquartered

in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker

code PRS. For more information, please refer to www.prosafe.com

.

Larnaca, 12 May 2010

Prosafe SE

For further information, please contact:

Arne Austreid, President and CEO

Phone: +357 2462 1746 / +357 992 75 030

Karl Ronny Klungtvedt, EVP Strategy and Corporate Planning

Phone: +47 908 81 657

[HUG#1415232]