Prosafe SE - Regulatory Filings 2016

Prosafe SE: Delivery of Safe Zephyrus

Prosafe has taken delivery of Safe Zephyrus today. The final delivery instalment

of the Safe Zephyrus has been reduced by USD 30 million. This represents a

seller's credit from Jurong Shipyard Pte Ltd., to be repaid in a single payment

on or before 15 June 2017.

Safe Zephyrus is scheduled to commence a contract in Norway early Q3 2016.

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

accommodation vessels. Operating profit reached USD 248.3 million in 2014 and

net profit was USD 178.8 million. The company operates globally, employs 800

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, 27 January 2016

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Karl Ronny Klungtvedt, Chief Executive Officer

Prosafe Management AS

Phone: + 47 51 64 25 00

Stig Harry Christiansen, Chief Financial Officer

Prosafe Management AS

Phone: +47 51 64 25 17

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#1981561]

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