Prosafe SE

Prosafe SE: Three-year contract signed with Petrobras for Safe Eurus in Brazil

Prosafe has signed a contract with Petrobras Netherlands B.V. ('Petrobras') for

the provision of the Safe Eurus semi-submersible vessel for safety and

maintenance support offshore Brazil.

The contract commencing Q4 2019 with a firm period commitment of three years

will be the first for the Safe Eurus, a vessel designed and built to service the

Brazilian market. Safe Eurus will be the third Prosafe vessel under charter in

Brazil, with sister vessel Safe Notos also on charter to Petrobras, and Safe

Concordia on charter with MODEC.

The Safe Eurus, a technologically advanced and efficient Dynamically Positioned

(DP3), harsh environment semi-submersible safety and maintenance support vessel,

can accommodate up to 500 persons with extensive recreation facilities. In

addition with a large capacity open deck area and telescopic gangway, the Safe

Eurus will provide Petrobras with 300 tonne lift capability.

Total value of the contract is approximately USD 80 million.

Jesper Kragh Andresen, CEO of Prosafe says: "Prosafe is proud to secure this

contract to continue the strong partnership with Petrobras built over 8 years of

Brazilian operations. The Safe Eurus joining the Safe Notos provides synergy

potential and will reaffirm why Prosafe is the benchmark for safe and efficient

UMS operations in Brazil."

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 (http://www.prosafe.com/)

Stavanger, 29 May 2019

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

Phone: +47 907 65 155

Stig H. 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 the Norwegian Securities Trading Act

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