Prosafe SE

Pre-Annual General Meeting Information • Nov 8, 2016

Prosafe SE: Notice of extraordinary general meeting

Prosafe SE: Notice of extraordinary general meeting

Prosafe SE ("Prosafe" or the "Company") calls for an extraordinary general

meeting to be held on 30 November 2016 at 08:00 am CET / 09:00 am Cyprus time at

the Company's registered office at 126 Stadiou Street, 2nd floor, 6020 Larnaca,

Cyprus.

The purpose of the extraordinary general meeting is to consider (i) a proposed

reversed split of the Company's shares (and related resolutions) and (ii)

appointment of chairman and an additional director to the Prosafe board.

For further detailed information, please see the attached notice. The notice

will be distributed to shareholders in accordance with the Company's articles.

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

accommodation vessels. The company operates globally 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, 8 November 2016

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Stig Harry Christiansen, Acting CEO

Prosafe Management AS

Phone: +47 51 64 25 17 / +47 478 07 813

Robin Laird, Acting CFO

Prosafe Offshore Services Pte Limited

Phone: +65 65 59 19 90 / +65 81 27 21 01

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations

Prosafe AS

Phone: +47 51 64 25 20

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.