Prosafe SE

Regulatory Filings • Jul 6, 2018

Prosafe SE: Contract award for Safe Scandinavia

Prosafe SE: Contract award for Safe Scandinavia

Prosafe has signed a contract with Aker BP ASA for the Safe Scandinavia to

provide accommodation support at the Ula platform in the Norwegian sector of the

North Sea. The firm duration of the contract commencing mid-August 2018 is seven

months with eight one-month options.

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

25.5 million. The option periods, if exercised, have a total value of

approximately USD 36.7 million.

The contract will ensure employment of the Safe Scandinavia soon after expiry of

her previous contract that concluded end-June 2018.

Jesper Kragh Andresen, CEO of Prosafe says: "Prosafe is very pleased with this

contract, as it provides employment for the Safe Scandinavia for up to 15

months. We are also proud to again be chosen by Aker BP, this time to deliver

first class safe and efficient accommodation services at the Ula platform."

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

Stavanger, 6 July 2018

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

Prosafe Management AS

Phone: +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO

Prosafe Management AS

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.