Prosafe SE

Prospectus • Jun 30, 2023

Approval of prospectus

Approval of prospectus

Reference is made to the stock exchange announcement of 10 May 2023 regarding a

completed private placement (the "Private Placement"). Shares issued in the

Private Placement were borrowed from certain large shareholders, who received

non-tradeable shares issued on a separate ISIN until approval by the Financial

Supervisory Authority of Norway (Nw. Finanstilsynet) (the "FSA") of a listing

prospectus (the "Prospectus") as redelivery of the shares borrowed.

The Prospectus has now been approved by the FSA today, 30 June 2023, and has

been published on the Company's website at https://www.prosafe.com/investor-

information/shareholder-information/prospectus/

As the Prospectus has been approved and published, the shares will be

transferred to the same ISIN as the rest of the Company's shares.

Prosafe is a leading owner and operator of semi-submersible accommodation

vessels. The Company is listed on the Oslo Stock Exchange with ticker code PRS.

For more information, please refer to www.prosafe.com (https://www.prosafe.com).

30 June 2023

Prosafe SE

For further information, please contact:

Reese McNeel, Interim CEO

Phone: +47 47 51 64 25 17 / +47 415 08 186

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.