Prosafe SE - Regulatory Filings 2016

Prosafe SE: Safe Scandinavia TSV has commenced mobilisation

Safe Scandinavia has successfully completed onshore acceptance testing and is

now mobilising to the Oseberg Øst installation to commence drilling support

operations for Statoil.

Prosafe is responsible for the provision of mud services to the Oseberg Øst

installation together with all marine operations of the tender support vessel

(TSV). The Safe Scandinavia will continue to perform accommodation duties to

support the installation via a telescopic gangway, affording the maximum

flexibility to Statoil.

The contract will commence upon completion of mobilisation, which is expected

towards the end of March.

Prosafe is the world's leading owner and operator of semi-submersible

accommodation vessels. Operating profit reached USD 167 million in 2015 and net

profit was USD 85.6 million. The company operates globally, employs 850 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, 14 March 2016

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations

Prosafe AS

Phone: +47 51 64 25 20

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1993942]

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