Q3 2010 results and webcast on 4 November 2010

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

published on 4 November 2010 at approx. 8:30 a.m. CET. Karl Ronny Klungtvedt,

CEO and Martin Kolnes, VP and CFO 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

1 November 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, 7 October 2010

Prosafe SE

For further information, please contact:

Karl Ronny Klungtvedt, CEO

Phone: +357 2462 1982 / +357 9968 8169

Martin Kolnes, VP and CFO

Phone: +357 2462 5490 / +357 9968 8991

[HUG#1449798]

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