Prosafe SE

Notice of Dividend Amount • May 28, 2014

Prosafe SE: Dividend approved

Prosafe SE: Dividend approved

On 28 May 2014, the Board of Directors resolved to declare an interim dividend

equivalent to USD 0.16 per share to shareholders of record as of 6 June 2014.

The shares will trade ex-dividend on 4 June 2014. The dividend will be paid in

the form of NOK 0.95 per share on 18 June 2014.

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

accommodation/service rigs. Operating profit reached USD 245.1 million in 2013

and net profit was USD 199.1 million. The company operates globally, employs

610 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, 28 May 2014

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Karl Ronny Klungtvedt, Chief Executive Officer

Prosafe Management AS

Phone: + 47 51 64 25 81

Sven Børre Larsen, Chief Financial Officer

Prosafe Management AS

Phone: +47 909 43 673

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations

Prosafe AS

Phone: +47 51 64 25 20 / +47 991 09 467

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1789117]