Prosafe SE

Notice of Dividend Amount • Nov 4, 2010

Dividend approved

The Board of Directors resolved on 3 November 2010 to declare an interim

dividend equivalent to USD 0.095 per share to shareholders of record as of 15

November 2010.

The shares will trade ex-dividend on 11 November 2010. The dividend will be paid

in the form of NOK 0.55 per share on 25 November 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, 4 November 2010

Prosafe SE

For further information, please contact:

Karl Ronny Klungtvedt, Chief Executive Officer

Phone: +357 9968 8169

Martin Kolnes, Vice President and Chief Financial Officer

Phone: +357 9968 8991

Cecilie Ouff, Finance and IR Manager

Phone: +47 99 10 94 67

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

(Norwegian Securities Trading Act)

[HUG#1458856]