Prosafe SE

Regulatory Filings • Apr 17, 2020

Prosafe SE: Prosafe and Total agree to defer 2020 North Sea campaign

Prosafe SE: Prosafe and Total agree to defer 2020 North Sea campaign

Prosafe and Total E&P UK Limited ('Total') have agreed to defer the commencement

date for the Safe Caledonia to provide accommodation support at the Elgin

complex in the UK sector of the North Sea by one year.

The firm duration of the contract now commences around late Q1 2021 and remains

as 162 days with one 30-day option. In addition, there will be a deferral fee

payable by Total.

Jesper Kragh Andresen, CEO of Prosafe says: "This contract remains important for

both Prosafe and Total, even as we face a time of unprecedented challenge."

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, 17 April 2020

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

Phone: +47 51 65 24 30 / +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 the Norwegian Securities Trading Act