Prosafe SE - Regulatory Filings 2016

Prosafe SE: Aker BP extends Safe Zephyrus contract

Aker BP ASA (formerly Det norske oljeselskap ASA) has extended the charter of

the Safe Zephyrus semi-submersible accommodation vessel at the Ivar Aasen

Project in the Norwegian sector of the North Sea.

The 10 day option extends on site operations through January 2017 and has a

total value of approximately USD 1.7 million.

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

vessels. The company is headquartered in Larnaca, Cyprus and listed on the Oslo

Stock Exchange with ticker code PRS. For more information, please refer to

www.prosafe.com

Larnaca, 16 December 2016

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Stig Harry Christiansen, Acting CEO

Prosafe Management AS

Phone: +47 51 64 25 17

Robin Laird, Acting CFO

Prosafe Offshore Services Pte Ltd.

Phone: +65 81 27 21 01

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations

Prosafe AS

Phone: +47 51 64 25 20

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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