Prosafe SE

Regulatory Filings • Nov 5, 2021

Prosafe SE: Safe Notos extended by Petrobras

Prosafe SE: Safe Notos extended by Petrobras

Prosafe has signed a further contract extension with Petrobras Netherlands B.V.

('Petrobras') for the provision of the Safe Notos semi-submersible vessel for

safety and maintenance support offshore Brazil.

The original three years and 222-day firm period was due to complete in July

2020, had previously been extended through to mid-November 2021 and this further

extension will take the firm operational period through to mid-July 2022.

Total value of the contract extension is approximately USD 16.2 million.

The Safe Notos, 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

Notos provides Petrobras with 300 tonne lift capability.

Jesper Kragh Andresen, CEO of Prosafe says: "Prosafe is pleased that once again

the Safe Notos has been extended by Petrobras demonstrating her continued value

in supporting their offshore operations."

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 https://www.prosafe.com

Stavanger, 5 November 2021

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