Prosafe SE

Regulatory Filings • Apr 8, 2022

Prosafe SE: Update on Brazil tender

Prosafe SE: Update on Brazil tender

Prosafe has been declared the winner of a bidding process for a four-year

contract by Petróleo Brasileiro SA ('Petrobras') for the provision of the Safe

Notos semi-submersible vessel for safety and maintenance support offshore

Brazil. However, a potential contract award and timing of the contract award are

subject to a formal process during which other bidders may appeal within the

next week or so.

A contract, if awarded, has a firm period commitment of four years and the

commencement is in Q3/Q4 2022 following on from the expiry of her current

mutually extended three-year contract that commenced in Q4 2016.

The Safe Notos is a technologically advanced and efficient Dynamically

Positioned (DP3) semi-submersible safety and maintenance support vessel, capable

of operating in harsh environments. The Safe Notos can accommodate up to 500

persons, has extensive recreation facilities and a large capacity open deck area

and telescopic gangway. When operating the vessel, Prosafe will  have strong

focus on reducing emissions through innovative energy performance monitoring

and associated fuel consumption reduction.

Total value of the contract associated with the bidding process is approximately

USD 110 million.

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, 8 April 2022

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