Prosafe SE

Regulatory Filings • Sep 19, 2018

Prosafe SE: Contract award for Safe Caledonia

Prosafe SE: Contract award for Safe Caledonia

Prosafe has signed a contract with a major oil and gas operator for the Safe

Caledonia to provide accommodation support in the UK sector of the North Sea.

The firm duration of the contract commencing mid-April 2019 is four months with

up to two months of options.

Total value of the contract excluding the option periods is approximately USD

12 million.

Jesper Kragh Andresen, CEO of Prosafe says: "Prosafe is extremely pleased to

secure this contract after a competitive bidding process. We are very confident

that Prosafe will once again demonstrate industry leading operations in a safe

and efficient manner using the Safe Caledonia, proven as one of the best

performing accommodation vessels in the world."

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

vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.

For more information, please refer to www.prosafe.com

Stavanger, 19 September 2018

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

Phone: +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO

Phone: +47 51 64 25 17 / +47 478 07 813

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.