Prosafe SE

Report Publication Announcement • May 11, 2010

PROD - Prosafe Production Minutes of Annual General Meeting 2010

The Annual General Meeting of Prosafe Production Public Limited was held today,

11 May, in Cyprus.

Please see the attached document for the minutes of the meeting.

About Prosafe Production

Prosafe Production is  a  leading  owner  and  operator  of  Floating

Production,  Storage   and   Offloading  vessels   (FPSOs).   Prosafe Production

has 25 years of operational experience from several of the world's largest oil

and gas provinces. Prosafe Production operates globally and employs

approximately 1,000 employees from more than 40 countries. Headquartered in

Limassol, Cyprus, Prosafe Production is listed on the Oslo Stock Exchange with

ticker code PROD.

Limassol, 11 May 2009

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1414884]