Prosafe SE

Regulatory Filings • Sep 8, 2010

Extension of offer period

This is a copy of announcement from BW Offshore

Limited, 08.09.2010 at 13:59 hours.)

NOT FOR PUBLIC DISTRIBUTION, DIRECTLY OR INDIRECTLY,

IN OR INTO THE UNITED STATES OF AMERICA, SOUTH

AFRICA, CANADA, AUSTRALIA OR JAPAN

8 September 2010 - Reference is made to the offer

document dated 27 July 2010 from BW Offshore Limited

("BW Offshore") regarding the voluntary exchange

offer (the "Offer") for all of the issued and

outstanding shares of Prosafe Production Public

Limited not currently owned, directly or indirectly,

by BW Offshore. The initial acceptance period in the

Offer (the "Offer Period") was from and including 29

July 2010 to and including 25 August 2010 at 17:30

(CET), and in a stock exchange notice of 16 August

2010 it was announced that the Offer Period was

extended to 8 September 2010 at 17:30 CET.

BW Offshore has decided to further extend the Offer

Period by two days. Following this extension, the

Offer Period will expire on 10 September 2010 at

17:30 (CET).

For further information, please contact:

Carl K. Arnet, CEO, +65 9630 3290

Knut R. Sæthre, CFO, +47 9111 7876

About BW Offshore

BW Offshore is one of the world's leading FPSO

contractors and a market leader within advanced

offshore loading and production systems to the oil

and gas industry. BW Offshore has more than 25 years'

experience and has successfully delivered 14 FPSO

projects and 50 turrets and offshore terminals. BW

Offshore's technology division APL has delivered

solutions for production vessels, storage vessels and

tankers in a wide range of field developments.

Adapting through competence, in-house technology,

solid project execution and operational excellence,

BW Offshore ensures that customer needs are met

through versatile solutions for offshore oil and gas

projects. BW Offshore has a global network with

offices in Europe, Asia Pacific, West Africa and the

Americas. BW Offshore has 1,100 employees and is

listed on the Oslo Stock Exchange. For more

information, please visit www.bwoffshore.com and

www.apl.no.

This information is subject to the disclosure

requirements pursuant to Section 5-12 of the

Norwegian Securities Trading Act.

This announcement is not an offer for sale of any

securities in the United States. Securities may not

be offered or sold in the United States absent

registration or an exemption from registration under

the U.S. Securities Act. BW Offshore has not

registered and does not intend to register any

portion of any offering of shares in the United

States or to conduct a public offering of any

securities in the United States.