Q2 2010 results and webcast on 26 August 2010

Prosafe SE informs that the results for the second quarter of 2010 will be

published on 26 August 2010 at approx. 8:30 a.m. CET. Arne Austreid, President &

CEO and Karl Ronny Klungtvedt, EVP Strategy & Corporate Planning will the same

day at 10:00 a.m. CET give a presentation of the result at the Hotel

Continental, Stortingsgt. 24/26 in Oslo.

The presentation can be followed live via web streaming at

http://www.prosafe.com. It will also be possible to ask questions via e-mail

during the presentation. The connection to the web streaming can be tested from

23 August 2010. You will find a link to the web cast on the main page of

Prosafe's web site.

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, 9 August 2010

Prosafe SE

For further information, please contact:

Arne Austreid, President and CEO

Phone: +357 2462 1746 / +357 992 75 030

Karl Ronny Klungtvedt, EVP Strategy and Corporate Planning

Phone: +47 51 64 25 81 / +47 908 81 657

[HUG#1436585]

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