Safe Lancia bareboat contract

Interpetroleum Services has awarded Prosafe a bareboat contract for Safe Lancia

operating for Pemex offshore Mexico. The contract commences on 19 August and

ends on 31 December 2012.

Total value of the contract linked to the award is about USD 57 million.

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, 6 August 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

Robin Laird, President Offshore Support Services

Phone: +65 8127 2101

[HUG#1436296]

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