PROD - Annual Information 2009

Issuers of listed transferable securities are required to provide Oslo Stock

Exchange with an annual statement of information made available to the

public, cf the the new Securities Trading Act, Section 5-11.

Please find attached the annual overview for Prosafe Production.

About Prosafe Production

Prosafe Production is a leading owner and operator of Floating Production,

Storage and Offloading vessels (FPSOs). Prosafe Production has 25 years of

operational experience from several of the world's largest oil and gas

provinces. Prosafe Production operates globally and employs approximately 1,000

employees from more than 40 countries. Headquartered in Limassol, Cyprus,

Prosafe Production is listed on the Oslo Stock Exchange with ticker code PROD.

Please refer to www.prosafeproduction.com

for more details.

Contacts:

Bjørn E. Henriksen, President and CEO, Prosafe Production, +31 610532543

Sven Børre Larsen, EVP & CFO, Prosafe Production, +65 9657 2590.

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

(Norwegian Securities Trading Act)

[HUG#1403850]

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