Prosafe SE

Regulatory Filings • May 19, 2010

Contract extension for Safe Lancia

Interpetroleum Services has awarded Prosafe an extension of the bareboat

contract for Safe Lancia operating for Pemex offshore Mexico. The contract runs

until the end of June 2010 at an unchanged dayrate.

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, 19 May 2010

Prosafe SE

For further information, please contact:

Arne Austreid, President and CEO

Phone: +357 2462 1746 / +357 992 75 030

Karl Ronny Klungtvedt, EVP Strategy and Corporate Planning

Phone: +47 51 64 25 81/+47 908 81 657

[HUG#1417108]