Prosafe SE

Report Publication Announcement • Apr 21, 2010

Q1 2010 results and webcast/teleconference on 12 May 2010

Prosafe SE will publish its results for the first quarter of 2010 on 12 May

2010 at approx. 01:00 p.m. CET. In connection with the release, Arne Austreid,

President & CEO and Karl Ronny Klungtvedt, EVP Strategy & Corporate Planning

will hold a webcast/teleconference the same day at 02:00 p.m. CET.

To listen to the presentation there are two options available:

1.     Webcast

Please visit www.prosafe.com and click on the

"Webcast" link. To listen to the conference call from the web you need to have

installed Windows Media Player and you need to have a sound card on your

computer. It will be possible to ask questions via e-mail during the

presentation.

2.     Teleconference

Please call in at one of the following numbers:

International call:        +44 (0)20 7806 1950

UK toll free:                0800 028 1243

USA toll free:              888 935 4575

Norway toll free:         800 19640

The participants will be asked for their name, company and conference ID. The

Prosafe SE conference ID is: 2351249

There will be a Q&A session subsequent to the presentation. Information on "how

to ask questions" will be given at the beginning of the Q&A session.

In order to view the presentation while listening to the conference, please

download the presentation material from www.prosafe.com

.

The webcast will be available for replay at www.prosafe.com

.

Prosafe is the world's leading owner and operator of semi-submersible

accommodation/service rigs. Operating profit reached USD 218.6 million in 2009.

The company operates globally, employs approx. 400 people and is headquartered

in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker

code PRS. For more information, please refer to www.prosafe.com

.

Larnaca, 21 April 2010

Prosafe SE

[HUG#1406242]